E. W. Scripps Co. 3Q earnings beat expectations |
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Thu, 25 Oct 2007 13:00
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BOSTON (Thomson Financial) - E. W. Scripps Co. Thursday reported third-quarter income from continuing operations of $87.9 million, or 54 cents a share, up from $78.4 million, or 48 cents a share, a year ago. The company said third-quarter income included a gain of $9.2 million, or 4 cents a share, from the sale of assets.The mean estimate of analysts polled by Thomson Financial was for 42 cents a share.Revenue rose to $596 million from $583 million a year ago, compared with analyst forecasts of $587.9 million.The Cincinnati-based newspaper and cable television company expects fourth quarter earnings from continuing operations of 68 to 72 cents a share.The company closed Wednesday at $42.41.Michael Lauengerml/pcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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