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CBS Corp. Q3 adjusted earnings Beat Estimates

CBS Corp. (CBS-A) released earnings for third quarter that fell from the same period last year.

The company's bottom line totaled $319 million, or $0.85 per share. This compares with $488 million, or $1.29 per share, in last year's third quarter.

Excluding items, CBS Corp. reported adjusted earnings of $356 million or $0.95 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $3.30 billion from $3.26 billion last year.

CBS Corp. earnings at a glance:

-Earnings (Q3): $356 Mln. vs. $469 Mln. last year.
-EPS (Q3): $0.95 vs. $1.24 last year.
-Analysts Estimate: $0.91
-Revenue (Q3): $3.30 Bln vs. $3.26 Bln last year.

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