CBS Shares Dip On Q3 Revenue Miss, EPS Beat


“We delivered record third-quarter revenues as we continue to increase our investment in our premium content and direct-to-consumer streaming services, which is the cornerstone of our growth strategy,” said a man set to receive more than $100 million from his employer.

While the words from CBS Corporation President and acting CEO Joe Ianniello describing his company’s final Q3 report were positive, the entity set to become a unit within ViacomCBS missed Wall Street consensus revenues estimates while beating the Street on its earnings per share.

Investors focused on the former, with CBS down 1.8% in mid-morning trading on Tuesday.

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