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E.W. Scripps lost $0.40 per share in Q3, missing estimates, but revenue beat expectations, and shares rose on heavy trading.
E.W.
Scripps reported a third-quarter loss of $0.40 per share, missing estimates by $0.24, though revenue of $525.85 million slightly exceeded expectations.
The company operates through local TV, national networks, and digital platforms, posting a 4.25% net margin and 17.68% return on equity.
Shares rose $0.51 to $2.56 on higher-than-average volume, with a market cap of $226.13 million and a P/E ratio of 5.33.
Institutional investors own 67.81% of the stock, and analysts maintain a consensus "Hold" rating with a $5.50 target.
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E.W. Scripps perdió $0.40 por acción en el tercer trimestre, faltando a las estimaciones, pero los ingresos superaron las expectativas, y las acciones subieron con una fuerte negociación.