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By Chip Brian, SmarTrend Analytics Team
11/5/2009-CBS (NYSE:CBS) reported Q3 EPS of 39 cents, topping consensus estimates of 22 cents.
Revenues in the quarter slipped slightly to $3.35 billion, but were ahead of consensus estimates of $3.19 billion.
Executive Chairman Sumner Redstone said, "Through this extraordinary time, Leslie and his team have managed CBS not simply to survive but to truly thrive. The strong performance of the CBS content businesses continues to build audiences, as well as our value proposition for advertisers. At the same time we've further solidified our financial position. I feel very good about what the future holds for CBS, especially given the improving economic outlook."
Contact Chip Brian
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