Scripps Networks up 8% on Strong Q1 Earnings

Scripps Networks Interactive SNI is trading higher on the session following its Q1 earnings announcement. The company reported an EPS of $0.73 vs $0.60 estimate and revenues of $535 million vs $519.22 million estimates. Kenneth W. Lowe, chairman, president and chief executive officer for Scripps Networks Interactive said: “The tremendous popularity of our lifestyle television networks, and the strong relationships we've forged with media consumers, advertisers and content distributors, drove our excellent first-quarter operating results. The competitive advantage we've established for ourselves in the home, food and travel content categories underpins the company's continued growth and the value we're creating for our shareholders.” Scripps Networks is currently trading at $54.91, a gain of $4.17 or 8.22%.