HSN Q4 Profit Rises, Results Beat View - Quick Facts

(RTTNews) - HSN, Inc. (HSNI) reported fourth-quarter net income of $68.33 million or $1.28 per share, up from $61.57 million or $1.14 per share in the year-ago period.

Adjusted earnings for the quarter were $1.22 per share, compared to $1.11 per share in the prior-year period.

On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 10 percent to $1.12 billion from $1.02 billion in the same period last year. Analysts expected revenue of $1.06 billion for the quarter.

HSN's board of directors approved a quarterly cash dividend of $0.35 per share payable March 25, 2015 to shareholders of record as of March 11, 2015.

Additionally, in continuation of its capital return plan, HSN's board of directors approved a special cash dividend of $10.00 per share, representing $524 million in the aggregate, that was paid February 19, 2015 to shareholders of record as of February 9, 2015.