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CBS challenged in Q3, waiting for better advertising climate |
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| Nov 06, 2009 09:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Earnings reports, Television, General Electric (GE), Walt Disney (DIS), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media World  Shares of CBS (NYSE: CBS) are no longer rolling around in the pits of equity hell. Do you recall when they were trading around $3 per share? Nasty time it was. Amazingly, as I write this, CBS is hovering near a 52-week high. They are well over $12 in value.
Yet, when I look at the latest earnings report, I don't feel as upbeat as the market. According to the press release (the link goes to a .pdf file), revenues were flat for the third quarter and adjusted income dropped to 25 cents per share from the year-ago figure of 39 cents per share. Continue reading CBS challenged in Q3, waiting for better advertising climate CBS challenged in Q3, waiting for better advertising climate originally appeared on BloggingStocks on Fri, 06 Nov 2009 16:20:00 EST. Please see our terms for use of feeds. Read | Read | Read | Permalink | Email this | Comments
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