logo
Plus   Neg
Share
Email

E.W. Scripps Posts Loss In Q3 - Quick Facts

The E.W. Scripps Company (SSP) reported a loss per share from continuing operations of $0.27 for the third quarter of 2019 compared to profit of $0.24 per share, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report a loss per share of $0.12, for the quarter. Analysts' estimates typically exclude special items. The company noted that pre-tax costs for the current quarter included $16.7 million of acquisition and related integration costs that increased the loss by 16 cents per share.

Third-quarter operating revenues increased to $349.78 million from $302.73 million, prior year. Analysts expected revenue of $342.78 million, for the quarter. Revenue from Local Media was $252 million, up 9.4 percent from the prior-year quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
DMM Vission is recalling five lots of Cleaner Hand Sanitizer due to potential presence of methanol (wood alcohol), the U.S. Food & Drug Administration said in a statement. The company is yet to receive any reports of adverse events involving the product. Facebook Inc. said it will ban ads that seek to delegitimize the Presidential election. The announcement is in line with the social media giant's decision to prohibit ads that make premature declarations of victory as it aims to protect the integrity of the upcoming U.S. 2020 elections. Rob Leathern, Director of Product Management, in a tweet said that these changes apply to ads across Facebook... While reporting financial results for the first quarter of fiscal 2021 on Thursday, Conagra Brands, Inc. (CAG) provided only its adjusted earnings and organic net sales growth guidance for the second quarter of fiscal 2021. The company is still not initiating annual outlook, as is usual, as the impact...
Follow RTT