HSN Q4 Profit Rises, Tops Estimates - Quick Facts

(RTTNews) - HSN Inc. (HSNI) reported that its fourth-quarter net income rose to $61.57 million or $1.14 per share, from $56.07 million or $1.00 per share in the same quarter last year.

Adjusted earnings per share, which excluded a net expense reduction in the fourth quarter of 2013 from fair value adjustments related to an acquisition in 2012, increased 11% to $1.11 compared to $1.00 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.09 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales grew to $1.02 billion from last year $982.88 million in the year ago quarter. Seven analysts had consensus revenue estimate of $1.02 billion for the quarter.

The company's board of directors approved a quarterly cash dividend of $0.25 per share payable March 19, 2014 to shareholders of record as of March 5, 2014.