CBS Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - CBS Corp. (CBS-A) announced earnings for third quarter that declined from last year.

The company's profit totaled $488 million, or $1.29 per share. This compares with $592 million, or $1.46 per share, in last year's third quarter.

Excluding items, CBS Corp. reported adjusted earnings of $469 million or $1.24 per share for the period.

Analysts had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.8% to $3.26 billion from $3.17 billion last year.

CBS Corp. earnings at a glance:

-Earnings (Q3): $469 Mln. vs. $450 Mln. last year. -EPS (Q3): $1.24 vs. $1.11 last year. -Analysts Estimate: $1.22 -Revenue (Q3): $3.26 Bln vs. $3.17 Bln last year.