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