NEW YORK (TheStreet) -- Scripps Networks Interactive (SNI) stock is advancing 2.81% to $57.40 in late morning trading on Tuesday after the media company delivered financial results that exceeded estimates for the 2015 fourth quarter.

Before today's market open, the Knoxville, TN-based parent company of HGTV and the Food Network posted adjusted earnings of $1.35 per share on $851.75 million in revenue for the quarter ended December 31.

Wall Street was anticipating earnings of $1.01 per share on revenue of $837.99 million for the latest quarter.

The 27.3% year-over-year increase in revenue was driven by a 31.5% jump in advertising revenue and an 11.8% rise in affiliate fees revenue.

"Our core television lifestyle networks are growing in demand by viewers and advertisers, while our international expansion continues to make a significant contribution to the overall robust health of the company," CEO Kenneth Lowe said in a statement.

Separately, Scripps Networks has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's strengths, such as revenue growth, notable return on equity and earnings per share growth, and its weaknesses, including disappointing stock performance and generally higher debt management risk.

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TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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