CBS: just beats consensus in Q2
(CercleFinance.com) - On Thursday evening CBS unveiled adjusted Q2 2018 EPS that was up 8% at 1.
12 dollar, beating the market consensus by one cent, with an adjusted operating profit that is up 1% at 694 million dollars.
The media group says that a higher investment in programming and digital initiatives largely offset a 6% rise in revenue to 3.47 billion dollars.
We expect strong gains in our local activities in the second half of the year, with mid-term elections, said CEO Leslie Moonves, who also points out better-than-expected performances for CBS All Access platforms and Showtime OTT.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
12 dollar, beating the market consensus by one cent, with an adjusted operating profit that is up 1% at 694 million dollars.
The media group says that a higher investment in programming and digital initiatives largely offset a 6% rise in revenue to 3.47 billion dollars.
We expect strong gains in our local activities in the second half of the year, with mid-term elections, said CEO Leslie Moonves, who also points out better-than-expected performances for CBS All Access platforms and Showtime OTT.
Copyright (c) 2018 CercleFinance.com. All rights reserved.