E.W. Scripps Co. (SSP) Tops Q3 EPS by 3c

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November 9, 2018 7:31 AM EST

E.W. Scripps Co. (NASDAQ: SSP) reported Q3 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $303 million versus the consensus estimate of $293.09 million.

Looking aheadComparisons are to the same periods of 2017.

Fourth-quarter 2018

Local Media revenue

Up mid to high 30 percent range

Retransmission revenue

Consistent with third-quarter 2018

Local Media expense

Up mid-single digits

National Media revenue

Low to mid $70 million range

National Media expense

High $60 million range

Shared services and

Corporate

About $14 million

Interest expense

Consistent with prior quarters

Pension expense

About $13 million, including a non-cash settlement charge of $10-$12 million

Capex

Mid single digits

Depreciation & amortization

Consistent with prior quarters

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


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