UPDATE: E.W. Scripps Co. (SSP) Reports Q3 Loss Per Share of 32c Including Impairment Charge

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November 3, 2017 7:30 AM EDT
(Updated - November 3, 2017 7:35 AM EDT)

E.W. Scripps Co. (NYSE: SSP) reported Q3 EPS of ($0.32), does not compare to the analyst estimate of ($0.05).

(The current-year quarter included a non-cash goodwill and intangibles impairment charge for Cracked of $35.7 million as well as $2.4 million of restructuring charges, which increased the net loss by $24 million (net of taxes) or 29 cents per share.)

Revenue for the quarter came in at $216 million versus the consensus estimate of $219.59 million.

Looking aheadComparisons are to the same periods of 2016.

Fourth-quarter 2017

Television revenue

Down high teens

Television expense

Up high single digits

Radio revenue

Down high single digits

Radio expense

Up low single digits

Digital revenue

About $60 million (includes Katz networks)

Digital expense

Mid- to high $50 million range (includes Katz networks)

Shared services and corporate

$12 million

For earnings history and earnings-related data on E.W. Scripps Co. (SSP) click here.


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