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Hearst-Argyle Net Is Flat
Television station group Hearst-Argyle(HTV Quote) shares rose 1% Tuesday after the company repored flat first-quarter earnings.
The New York company made $13 million, or 14 cents per share, for the quarter ended March 31. That compares to $13.1 million, or 14 cents per share, in the same period last year. Revenue rose 7% to $174 million. The latest quarter's EPS were cut by 1 cent by stock-options expense.
Analysts surveyed by Thomson Financial expected the company to earn 15 cents a share on $173.6 million in revenue. ...
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