ADVFN - Advanced Financial Network.
HOME» NYSE » S » SNI Stock Price » SNI Stock News

Scripps Networks Int Share News

 Scripps Networks Int Stock Price
SNI Stock Price
 Scripps Networks Int Stock Chart
SNI Stock Chart
 Scripps Networks Int Stock News
SNI Stock News
 Scripps Networks Int Company Information
SNI Company Information
 Scripps Networks Int Stock Trades
SNI Stock Trades

Scripps Networks 2Q Profit Up 34% Amid Travel Channel Impact

DOW JONES NEWSWIRES Scripps Networks Interactive Inc.'s (SNI) second-quarter profit rose 34%, beating analysts' expectations, on increased affiliate fees and better advertising revenue, thanks in part to December's acquisition of the Travel Channel. The owner of HGTV and Food Network, as well as websites Shopzilla and uSwitch, saw total revenue at its lifestyle segment, which includes the cable channels, rise 36% as earnings jumped 38%. Affiliate fees surged 73% and advertising revenue jumped 27%, with the latter's growth stronger than seen at other cable-network owners. Scripps has posted improved results in recent quarters as ad revenue has recovered from last year. Ratings for the Travel Channel have been rising in recent months and were up by a double-digit percentage in July, according to a research note from MKM Partners. The company posted earnings of $106.2 million, or 63 cents a share, up from $79.5 million, or 48 cents a share, a year earlier. The latest quarter included 4 cents of gains. Revenue rose 32% to $516 million, with half the increase due to the Travel Channel. Analysts polled by Thomson Reuters most recently forecast earnings of 57 cents on $509 million in revenue. Operating margin was flat at 37.5%. Shares closed Friday at $44.82 and didn't trade premarket. The stock has risen 32% the past year. -By Matt Jarzemsky and Jodi Xu, Dow Jones Newswires; 212-416-2240;

Stock News for Scripps Networks Int (SNI)
03/27/201515:13:52Statement of Changes in Beneficial Ownership (4)
03/26/201508:16:58Statement of Changes in Beneficial Ownership (4)
03/26/201507:47:24Stolt-Nielsen Limited Completes Bond Issues
03/26/201507:40:21Stolt-Nielsen Limited Completes Bond Issues
03/26/201506:47:33Home Improvement Momentum Building Up
03/26/201503:04:19Stolt-Nielsen Limited Completes Bond Issues
03/26/201503:01:45Stolt-Nielsen Limited Completes Bond Issues
03/25/201507:00:41Stolt-Nielsen Limited Contemplates New Bond Issue
03/25/201506:58:11Stolt-Nielsen Limited Contemplates New Bond Issue
03/24/201513:50:00Mark Ballas and Derek Hough Tackle Their First House Flip in...
03/24/201513:29:41Stolt-Nielsen Limited Distributes Notice of 2015 Annual General...
03/24/201513:22:12Stolt-Nielsen Limited Distributes Notice of 2015 Annual General...
03/24/201511:01:51Statement of Changes in Beneficial Ownership (4)
03/20/201510:12:00‘Building Belushi’ Newest Series to Expand DIY Network’s Celeb...
03/19/201510:00:00Mr. T Crashes onto DIY Network with ‘I Pity the Tool’
03/18/201516:41:51Statement of Changes in Beneficial Ownership (4)
03/17/201511:01:01Statement of Changes in Beneficial Ownership (4)
03/17/201510:54:51Statement of Changes in Beneficial Ownership (4)
03/17/201510:49:33Statement of Changes in Beneficial Ownership (4)
03/17/201510:41:12Statement of Changes in Beneficial Ownership (4)

Scripps Networks Int and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations