HSN Q1 Results Miss Consensus - Quick Facts

(RTTNews) - Multi-channel retailer HSN Inc.'s (HSNI) first quarter 2014 net income declined to $24.18 million, or $0.45 per share, from $31.54 million, or $0.56 per share, last year.

Adjusted per-share earnings, excluding the $3.1 million charge for the CPSC settlement, was $0.50, compared with $0.56 in the prior year. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.59 for the quarter. Analysts' estimates typically exclude one-time items.

Compared with last year, HSNi's net sales grew 1% to $777.42 million, from $772.65 million, while 9 analysts estimated revenues of $792.14 million for the quarter.

Effective May 1, 2014, HSNi's board approved a quarterly cash dividend of $0.25 per share, payable June 18, 2014 to shareholders of record as of June 4, 2014.