E.W. Scripps Co. (SSP) Misses Q3 EPS by 15c
E.W. Scripps Co. (NYSE: SSP) reported Q3 EPS of $0.15, $0.15 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $233 million versus the consensus estimate of $256.75 million.
Comparisons are to the fourth quarter of 2015, during which we owned the former Journal Communications TV and radio stations for the entire period.
Fourth-quarter 2016 | |||
Television revenue | Up mid-30 percent range | ||
Television expense | Up about 10 percent | ||
Radio revenue | Down low single digits | ||
Radio expense | Down low single digits | ||
Digital revenue | Up low 40 percent range | ||
Digital expense | Up mid-30 percent range | ||
Corporate and shared services | ~ $10 million | ||
For earnings history and earnings-related data on E.W. Scripps Co. (SSP) click here.