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Company News

BUZZ-Corus Entertainment: Surges on Q2 profit beat

** Canadian broadcaster’s shares up 23.4 pct at $7.39 on Thursday - set to recover all losses from last month

** Co’s Q2 profit beats expectations helped by cost cuts and gains from TV merchandising and distribution

** Reports Q2 adj. EPS of C$0.20 vs. Analysts’ estimates of C$0.11 according to TR I/B/E/S

** CJRb’s merchandising and distribution revenue rose 24.6 percent during the quarter

** Stock down ~36 pct YTD (Reporting by Uday Sampath in Bengaluru)

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