BREAKING NEWS

BREAKING NEWS

CBS third-quarter revenue beats estimates

CBS third-quarter revenue beats estimates
The CBS television network logo is seen outside their offices on 6th avenue in New York, U.S. on May 19, 2016. REUTERS/Shannon Stapleton/File Photo -
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Shannon Stapleton(Reuters)
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(Reuters) - Media company CBS Corp <CBS.N> beat analysts' estimates for third-quarter revenue on Thursday, driven by healthy ad sales.

Net income from continuing operations rose to $488 million, or $1.29 per share, in the quarter ended Sept. 30, from $418 million, or $1.03 per share, a year earlier.

CBS, home to popular shows such as the "Big Bang Theory," and "NCIS", said total revenue rose 3 percent to $3.26 billion, above estimates of $3.24 billion, according to IBES data from Refinitiv.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Shounak Dasgupta)

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