CBS: beats consensus in Q2
(CercleFinance.com) - On Thursday evening CBS unveiled Q2 adjusted adjusted EPS that is up 4% at 1.
16 dollar, beating the consensus by three cents, with adjusted operating profit that is up 1% at 702 million dollars.
The media group says its 10% revenue growth, at 3.81 billion dollars, was curtailed by higher investments in content and higher costs to develop its downloading services.
"Our direct-to-consumer services, CBS All Access and Showtime, continue to perform strongly... And we remain on track to reach our goal of 25 million subscribers combined by 2022," said CEO Joe Ianniello.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
16 dollar, beating the consensus by three cents, with adjusted operating profit that is up 1% at 702 million dollars.
The media group says its 10% revenue growth, at 3.81 billion dollars, was curtailed by higher investments in content and higher costs to develop its downloading services.
"Our direct-to-consumer services, CBS All Access and Showtime, continue to perform strongly... And we remain on track to reach our goal of 25 million subscribers combined by 2022," said CEO Joe Ianniello.
Copyright (c) 2019 CercleFinance.com. All rights reserved.