logo
Share SHARE
FONT-SIZE Plus   Neg

HSN Inc. Q1 Profit Climbs - Quick Facts

HSN Inc. (HSNI,HSNIV) reported a rise in first-quarter net income to $26.17 million or $0.44 per share from the prior year's $20.28 million or $0.34 per share. On an adjusted basis, quarterly net income amounted to $30.26 million or $0.50 per share, higher than $24.54 million or $0.41 per share last year.

On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.37 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales improved to $747.31 million from $710.56 million in the earlier year quarter. Analysts estimated revenues of $747.14 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT