CINCINNATI (AP) — E.W. Scripps Co. (SSP) on Friday reported a fourth-quarter loss of $21.5 million, after reporting a profit in the same period a year earlier.
The Cincinnati-based company said it had a loss of 25 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 9 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The television and radio company posted revenue of $204.8 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $207.1 million.
For the year, the company reported a loss of $82.5 million, or $1.06 per share, swinging to a loss in the period. Revenue was reported as $715.7 million.
E.W. Scripps shares have fallen 5.5 percent since the beginning of the year. The stock has fallen 23 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSP at http://www.zacks.com/ap/SSP
Keywords: E.W. Scripps, Earnings Report
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