CBS: beats consensus in Q3.
(CercleFinance.com) - On Thursday evening, CBS announced Q3 net income 592 million dollars in its third quarter 2017, or 1.
46 dollar per share.
Adjusted EPS was up 6% at 1.11 dollar, two cents higher than the consensus.
Revenues rose 2% to 3.17 billion dollars, despite a 5% decline in advertising revenue compared to Q3 2016, which was boosted by the election campaigns in the US.
The media and communications group benefited from a 52% increase in its affiliate commission scheme and subscriber fees, while its distribution and content licensing revenues fell by 22%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
46 dollar per share.
Adjusted EPS was up 6% at 1.11 dollar, two cents higher than the consensus.
Revenues rose 2% to 3.17 billion dollars, despite a 5% decline in advertising revenue compared to Q3 2016, which was boosted by the election campaigns in the US.
The media and communications group benefited from a 52% increase in its affiliate commission scheme and subscriber fees, while its distribution and content licensing revenues fell by 22%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.