E.W. Scripps Company Profit Declines In Q4

(RTTNews) - E.W. Scripps Company (SSP) revealed earnings for fourth quarter that decreased from last year.

The company said its earnings fell to $6.96 million, or $0.09 per share. This was down from $38.34 million, or $0.46 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.6% to $256.98 million. This was up from $252.95 million last year.

E.W. Scripps Company earnings at a glance:

-Earnings (Q4): $6.96 Mln. vs. $38.34 Mln. last year. -Earnings Decline (Y-o-Y): -81.8% -EPS (Q4): $0.09 vs. $0.46 last year. -EPS Decline (Y-o-Y): -80.4% -Analysts Estimate: $0.05 -Revenue (Q4): $256.98 Mln vs. $252.95 Mln last year. -Revenue Change (Y-o-Y): 1.6%