CBS profit climbs 38% on streaming fees, ad sales
(4:11 PM ET) CHICAGO (MarketWatch) -- CBS Corp. CBS -2.12% said Thursday its third-quarter profit rose 38% on increased international syndication sales, primetime advertising sales and streaming video licensing fees from Netflix Inc. NFLX -0.21% and Amazon.com Inc. AMZN -0.12% , topping most Wall Street forecasts. The entertainment giant said it earned $338 million, or 50 cents a share, on sales of $3.37 billion, compared with a profit of $245 million, or 35 cents a share, on revenue of $3.30 billion in the same period last year. Analysts polled by FactSet Research were expecting a profit of 46 cents a share on revenue of $3.44 billion.
Based off this News-marker - NFLX 90 NOV WK C 2.95 from .53
