Scripps reports fourth-quarter 2020 results
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E.W. Scripps Co. (SSP) Tops Q4 EPS by 7c, Revenues Beat
February 26, 2021 7:32 AM ESTE.W. Scripps Co. (NASDAQ: SSP) reported Q4 EPS of $1.35, $0.07 better than the analyst estimate of $1.28. Revenue for the quarter came in at $591 million versus the consensus estimate of $566.4 million.
The sale of Scripps' Stitcher business closed on Oct. 16, 2020. The business was classified as discontinued operations in our consolidated financial statements. All periods have been adjusted to reflect this presentation.Total revenue was $591 million compared to $423 million in the fourth-quarter 2019.Income from continuing operations was $114 million or $1.35 per share.The current-year quarter included gains from the sale of WPIX totaling... More