Revenue Update on E. W. Scripps Co(NYSE:SSP)

E. W. Scripps Co(NYSE:SSP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $227.82M. Analysts estimated a revenue of $231.43M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.14.

E. W. Scripps Co (SSP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.60% or 0.1 points. Due to strong positive momentum, the stock ended at $16.76, which is also near the day’s high of $16.78. The stock began the session at $16.7 and the volume stood at 4,91,657 shares. The 52-week high of the shares is $22.91 and the 52 week low is $14.52. The company has a current market capitalization of $1,400 M and it has 8,35,36,591 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Lisa A Knutson (Senior VP/Chief Admin. Officer) sold 25,544 shares at $17.70 per share price.Also, On Jan 14, 2016, Richard A Boehne (President & CEO) sold 83,120 shares at $17.63 per share price.On Aug 12, 2015, Timothy M Wesolowski (SVP, CFO and Treasurer) sold 15,800 shares at $19.87 per share price, according to the Form-4 filing with the securities and exchange commission.

The E.W. Scripps Company serves audiences and businesses through a portfolio of television radio and digital media brands. The Company is a television (TV) station owners with approximately 33 television stations in 24 markets and a reach of nearly one in five United States households. It also owns approximately 34 radio stations in eight markets. The Company also runs an expanding collection of local and national digital journalism and information businesses including Midroll Media over-the-top video news service Newsy and weather app developer WeatherSphere. The Company also produces television shows including The List and The Now.

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