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E.W. Scripps lost $0.06 per share, missing estimates, but shares rose 4.2% on high volume.
E.W.
Scripps reported a quarterly loss of $0.06 per share, missing the $0.46 consensus estimate, with a net margin of 0.99% and return on equity of 9.82%.
Shares rose 4.2% to $3.62 on higher-than-average trading volume.
The company, based in Cincinnati, operates over 60 TV stations across more than 40 markets, offering local news, weather, sports, and entertainment, while also maintaining digital and cable operations.
Institutional investors own 67.81% of the company, and analysts hold a mixed outlook, resulting in a consensus "Hold" rating with a $5.95 target price.
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E.W. Scripps perdió $0.06 por acción, perdiendo estimaciones, pero las acciones subieron un 4.2% con un alto volumen.