November 1, 2018 / 8:11 PM / 2 months ago

CBS third-quarter revenue beats estimates

Nov 1 (Reuters) - Media company CBS Corp 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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