Scripps Networks (SNI) Tops Q2 EPS by 21c; Updates Outlook

Scripps Networks (NYSE: SNI) reported Q2 EPS of $1.47, $0.21 better than the analyst estimate of $1.26. Revenue for the quarter came in at $732.1 million versus the consensus estimate of $728.86 million.

2015 Updated Full-year Guidance

While the underlying expectations for the business have not changed, we have updated full year 2015 guidance as a result of the TVN acquisition on July 2, 2015. The company now expects:

• Total revenue to increase about 12 percent;
• Cost of services to increase about 24 percent.
• Selling, general and administrative expenses to increase about 5 percent;
• Interest expense, to be $80 million to $85 million;
• Non-controlling share of net income to be $180 million to $190 million; and
• Capital expenditures to be $65 million to $70 million.

For earnings history and earnings-related data on Scripps Networks (SNI) click here.

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