reported third-quarter earnings that beat analysts' expectations by six cents, on the strength of growth in the media company's cable television operations.
The company posted third-quarter earnings of $36.3 million, or 46 cents a share, up from $28.4 million, or 36 cents a share, last year, excluding unusual items and divestment gains in both periods. A
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survey of eight analysts produced a mean earnings estimate of 40 cents a share for the company's third quarter.
Scripps also said revenue for the third quarter rose to $409.6 million from $372.9 million in the same period last year. The company attributed the increase to strong revenue and cash flow growth at its Food Network and Home and Garden Television, and better-than-expected numbers from its T.V. station group.