E.W. Scripps Company Q2 Profit Falls 26%

(RTTNews) - E.W. Scripps Company (SSP) released earnings for second quarter that retreated from last year.

The company said its profit fell to $8.5 million, or $0.10 per share. This was down from $11.5 million, or $0.14 per share, in last year's second quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $232 million. This was up from $228 million last year.

E.W. Scripps Company earnings at a glance:

-Earnings (Q2): $8.5 Mln. vs. $11.5 Mln. last year. -Earnings Decline (Y-o-Y): -26.1% -EPS (Q2): $0.10 vs. $0.14 last year. -EPS Decline (Y-o-Y): -28.6% -Analysts Estimate: $0.06 -Revenue (Q2): $232 Mln vs. $228 Mln last year. -Revenue Change (Y-o-Y): 1.8%