Investors are rewarding Scripps Networks Interactive strong second quarter results. The lifestyle media company’s stock is trading above its 52-week high today reaching as high as $58.64 before easing back to just below $58.
The Knoxville-based company said last week that earnings for the quarter rose to $142 million, or 93 cents per share, easily beating analysts expectations.
Investors are paying close attention to healthcare companies today following Sunday’s historic vote on the reform bill.
Barron’s Stocks to Watch blog notes that most health insurers are up in morning trading and offers a roundup of analysts comments about what it all means.
Among East Tennessee companies, shares of Knoxville-based phyisican-staffing company Team Health Holdings Inc., and Chattanooga-based insurance carrier Unum Group were both down slightly in late-morning trading.