CBS Profit Jumped in Second Quarter
CBS Corp. mentioned Tuesday that its second-quarter profit jumped as marketing product sales, subscription and licensing costs all increased sharply.
CBS said it earned $150.1 million, or 22 cents a share, compared using a profit of $15.4 million, or two cents a write about, within the same quarter a year ago.
Excluding products connected for the early extinguishment of debt along with a restructuring, CBS mentioned it would have earned $175.2 million, or 25 cents a share, inside the newest 3 months.
Profits rose 11% to $3.33 billion.
On typical, analysts polled by FactSet Research were expecting a profit of 21 cents a share on revenue of $2.14 billion.
Total ad product sales rose 9%, affiliate and subscription charges were up 12%, and written content licensing and distribution income elevated 19%.
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