E.W. Scripps Co. (SSP) Declares $0.05 Quarterly Dividend; 1.4% Yield

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Go back to E.W. Scripps Co. (SSP) Declares $0.05 Quarterly Dividend; 1.4% Yield

E.W. Scripps Co. (SSP) Misses Q3 EPS by 15c, Revenues Beat

November 8, 2019 7:34 AM EST

E.W. Scripps Co. (NASDAQ: SSP) reported Q3 EPS of ($0.27), $0.15 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $350 million versus the consensus estimate of $342.78 million.

Business highlights

Scripps has delivered financial results that have met or exceeded expectations for the last eight consecutive quarters.On Sept. 19, Scripps closed on the acquisition of eight television stations in seven markets being divested by Nexstar Media Group in its transaction with Tribune Media. The acquisitions Scripps completed in 2019 make it the fourth-largest independent local broadcaster, with 60 stations in 42... More