E.W. Scripps Co. (SSP) Misses Q3 EPS by 15c

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November 4, 2016 7:45 AM EDT

E.W. Scripps Co. (NYSE: SSP) reported Q3 EPS of $0.15, $0.15 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $233 million versus the consensus estimate of $256.75 million.

Comparisons are to the fourth quarter of 2015, during which we owned the former Journal Communications TV and radio stations for the entire period.

Fourth-quarter 2016

Television revenue

Up mid-30 percent range

Television expense

Up about 10 percent

Radio revenue

Down low single digits

Radio expense

Down low single digits

Digital revenue

Up low 40 percent range

Digital expense

Up mid-30 percent range

Corporate and shared services

~ $10 million

For earnings history and earnings-related data on E.W. Scripps Co. (SSP) click here.


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