Broadcaster Central European Media Enterprises (CME) raised its operating profit guidance on Thursday for the third time this year, after third-quarter earnings just beat analysts’ expectations. The market is waiting for news about the possible sale of CME by majority owner AT&T. PPF, the investment group of the Czech Republic’s richest man Petr Kellner, is reported to be the last remaining bidder. CME’s adjusted operating profit (OIBDA) came in at $41.4 million in the third quarter, topping analysts’ average forecast of $39.2 million. …read more
Source:: Yahoo Finance
