CBS Corp.’s third-quarter profits beat Wall Street’s expectations, but the company’s net revenue fell shy of projections.
Earnings added up to $338 million, or 50 cents a share, about 4 cents more than analysts expected and up 7 percent from a year ago, when they were $317 million, or 46 cents a share.
CBS’ revenues were up 2 percent to $3.37 billion, thanks in large part to new digital licensing agreements as well as higher affiliate and subscription revenues.
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