E.W. Scripps Company Announces Retreat In Q2 Profit

(RTTNews) - E.W. Scripps Company (SSP) reported a profit for second quarter that dropped from the same period last year.

The company's bottom line came in at $5.72 million, or $0.06 per share. This compares with $8.55 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 31.1% to $283.40 million from $216.24 million last year.

E.W. Scripps Company earnings at a glance:

-Earnings (Q2): $5.72 Mln. vs. $8.55 Mln. last year. -EPS (Q2): $0.06 vs. $0.10 last year. -Analysts Estimate: $0.08 -Revenue (Q2): $283.40 Mln vs. $216.24 Mln last year.