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 Net Drops 27% On Shopzilla Divestiture

DOW JONES NEWSWIRES Scripps Networks Interactive Inc.'s (SNI) second-quarter earnings slumped 27% as the company saw strong top-line growth hindered by an impact related to the divestiture of its shopping-related website business Shopzilla Inc. The owner of HGTV and Food Network had lately seen results helped by strong advertising revenue. Scripps said Tuesday that advertising revenue in the period jumped 13% to $374 million. During the quarter, it completed the sale of Shopzilla, a move that trimmed its interactive services segment's holdings. Scripps posted a profit of $77.4 million, or 46 cents a share, down from $106.2 million, or 63 cents a share, a year earlier. The current period included a 31-cent per-share impact related to the Shopzilla divestiture, while the year-earlier period included a 6-cent per-share income tax benefit. Earnings from continuing operations, meanwhile, rose to 78 cents a share from 60 cents as revenue improved 12% to $534 million. Analysts polled by Thomson Reuters expected per-share earnings of 72 cents on $532.4 million in revenue. Revenue at the lifestyle media segment, which includes the cable channels and accounts for the bulk of the company's top line, jumped 11% as the Food Network brand saw revenue rise 8.2% and HGTV revenue improved 8.9%. Class A shares closed Monday at $37.62 and were inactive in recent premarket trading. Through the latest close, the stock is down 27% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Scripps Networks Int (SNI)
DateTimeHeadline
02/28/201420:08:45U.K.'s Channel 5 Gets Offers From Viacom, Discovery, Scripps...
02/14/201409:27:14U.S. Hot Stocks: Hot Stocks to Watch
01/21/201413:50:04Discovery Communications Takes Control of Eurosport
12/11/201309:19:38U.S. Hot Stocks Futures: Hot Stocks to Watch
12/10/201317:57:16Discovery Communications Considers Bid for Scripps Networks Interactive...
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
11/15/201308:27:55S.A.C. Capital Advisors LP 3Q 13F: Largest Eliminations
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Purchases
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Sales
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest -2-
11/15/201306:39:14CR Intrinsic Investors 3Q 13F: Largest Eliminations
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As Of Sep 30
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As -2-
08/08/201309:53:23U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/17/201314:23:11Scripps Networks Interactive Rolls Out TV Anywhere Applications

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad