Tag Archives: first quarter

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.

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Brunswick beats expectations, profit up 44 pct.

022509searay1_jpg.JPGBrunswick Corp., parent company of Knoxville-based Sea Ray Boats, today reported a first quarter profit of $39.7 million, or 43 cents a share, easily beating analysts expectations.

The company’s earnings represent a 44 percent improvement from a profit of $27.5 million, or 30 cents a share, in the first quarter last year.

Analysts had expected earnings of 37 cents a share, according to Reuters.

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