UPDATE: E.W. Scripps Q2 Profit Drops 41%
The E.W. Scripps Co (NYSE: SSP) reported a 41% drop in its second-quarter earnings.
E.W. Scripps posted a quarterly profit of $3.2 million, or $0.05 per share, versus a year-ago profit of $5.4 million, or $0.09 per share.
Its revenue dropped 4.2% to $207.9 million. However, analysts were expecting earnings of $0.07 per share on revenue of $211 million.
Its operating expenses fell 1.4% in the quarter.
E.W. Scripps shares closed at $16.69 on Friday.
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