Scripps Networks Interactive Earnings: Here’s Why Investors are Ambivalent Now
Scripps Networks Interactive, Inc. (NYSE:SNI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Scripps Networks Interactive, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.48% to $0.77 in the quarter versus EPS of $0.73 in the year-earlier quarter.
Revenue: Rose 11.01% to $594.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Scripps Networks Interactive, Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.74. It beat the average revenue estimate of $582.52 million.
Quoting Management: “Scripps Networks Interactive delivered strong first quarter results demonstrating the strength of our lifestyle brands as valuable advertising platforms worldwide,” said Kenneth W. Lowe, chairman, president and chief executive officer of Scripps Networks Interactive. “We’ve demonstrated our commitment to investing in our brands by developing compelling content that engages millions of media consumers every day across a full range of media platforms and geographies. This has established Scripps Networks Interactive as a clear leader in influencing consumer purchasing decisions in the home, food and travel categories. In the process, we’ve created sustained, long-term financial returns and value for our shareholders.”
Key Stats (on next page)…