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Stock impact report

Scripps +6.8% after Q3's broad revenue gains [Seeking Alpha]

E.W. Scripps Company (The) - Class A (SSP) 
Last e.w. scripps company (the) - class a earnings: 11/8 07:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Seeking Alpha News | On the Move Scripps +6.8% after Q3's broad revenue gains Nov. 8, 2019 11:32 AM ET The E.W. Scripps Company (SSP) Jason Aycock E.W. Scripps (NASDAQ: up 6.8% Q3 earnings Overall revenue rose by 15.5% to $349.8M. The company swung to a loss from continuing operations of $21.9M from a year-ago gain of $20M; the current-year loss was exacerbated by $12.6M due to acquisition/integration costs. Revenue by segment: Local Media, $252.4M (up 9.4%); National Media, $97.2M (up 35.5%). Profit by segment: Local Media, $49.7M (down 26.3%); National Media, $5.3M (up 85%). Cash and equivalents came to $86.5M, against total debt of $1.98B. For Q4, it's guiding to Local Media revenue (pro forma) falling in the low 20% range, and National Media of $100M-$105M. It expects capital expenditures (excluding repack) of about $10M. Press release See all stocks on the move » Now read: Sientra up 26% on Q3 sales ramp, guidance boost » Try PREMIUM Show less Read more
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