NEW YORK (TheStreet) -- CBS Corp. (CBS) is scheduled to report its third quarter earnings results after the market close this afternoon, and analysts are expecting a decline in net earnings and revenue for the latest quarter.
Analysts polled by FactSet are expecting the media company to post earnings of 73 cents per share on revenue of $3.32 billion for the most recent quarter.
For the 2013 third quarter CBS reported earnings of 76 cents per share on revenue of $3.6 billion.
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A decline in advertising revenue and an increase in the expenses used to bring Thursday night football games to broadcast TV could contribute to CBS' third quarter 2014 financial results, Market Watch reports.
Shares of CBS are higher by 0.40% to $52.20 in mid-afternoon trading on Wednesday.
Separately, TheStreet Ratings team rates CBS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CBS CORP (CBS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."