Tag Archives: analyst expectations

Analysts wrong again — Scripps Networks 1Q revenues, profit up

Scripps Networks Interactive Inc. reported Thursday a first quarter profit of $115 million, or 73 cents per diluted share, compared to net income of $101 million, or 59 cents per share a year ago.

Revenues for the quarter increased 11 percent to $535 million.

The news boosted Scripps shares to a new 52-week high, up more than 5 percent to $53.38 in morning trading.

The Knoxville-based lifestyle media company easily beat analyst expectations on both the top and bottom lines. Analysts expected a dip in revenue and earnings of about 60 cents per share.

Continue reading