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 1Q Net Up 39% As Ad Revenue Leads Top Line Higher

DOW JONES NEWSWIRES Scripps Networks Interactive Inc.'s (SNI) first-quarter profit jumped 39% as the top line beat expectations amid higher advertising revenue. The owner of HGTV and Food Network has seen higher ad revenue bolster earnings lately. Scripps has benefited from its December 2009 acquisition of a controlling stake in Travel Channel. Last week, it agreed to sell shopping-related website business Shopzilla, paring its interactive services segment's holdings. Scripps posted a profit of $100.5 million, or 59 cents a share, up from $72.5 million, or 43 cents a share, a year earlier. Excluding items such as a noncontrolling interest adjustment and prior-year impacts related to Travel Channel integration, earnings rose to 62 cents from 50 cents. Revenue jumped 14% to $546 million. Analysts polled by Thomson Reuters most recently forecast a profit of 59 cents on $523 million in revenue. Operating margin surged to 38.7% from 30.6%. Revenue at the lifestyle media segment, which includes the cable channels and accounts for the bulk of the total, rose 11% as affiliate fee revenue increased 6% and ad revenue was 12% higher. The Food Network brand saw revenue climb 15% while HGTV revenue increased 6%. Class A shares closed Wednesday at $51.02 and were inactive in recent premarket trading. Through the latest close, the stock is up 12% the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Scripps Networks Int (SNI)
05/28/201510:00:00HGTV Returns to CMA Music Festival with Star-Studded Lineup Set...
05/23/201508:42:02What Is Rachael Ray's Net Worth?
05/22/201513:57:23Statement of Changes in Beneficial Ownership (4)
05/20/201516:21:55Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201514:19:05Statement of Changes in Beneficial Ownership (4)
05/19/201508:57:00Two Weeks Remain to Enter the HGTV Smart Home 2015 Giveaway
05/19/201508:33:00Scripps Networks Interactive Prices Debt Offering of $1.5 Billion...
05/18/201517:26:10Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/18/201516:54:22Amended Current Report Filing (8-k/a)
05/18/201515:30:53Current Report Filing (8-k)
05/18/201508:55:05Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
05/18/201508:47:48Current Report Filing (8-k)
05/15/201516:18:42Statement of Changes in Beneficial Ownership (4)
05/15/201516:18:15Statement of Changes in Beneficial Ownership (4)
05/15/201516:17:23Statement of Changes in Beneficial Ownership (4)
05/15/201516:16:58Statement of Changes in Beneficial Ownership (4)
05/15/201516:15:39Statement of Changes in Beneficial Ownership (4)
05/15/201516:14:45Statement of Changes in Beneficial Ownership (4)
05/15/201516:14:21Statement 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