E.W. Scripps Co. released its financial results for the fourth quarter of 2022, showing a mixed performance. The company’s revenue for the quarter reached USD 680.94 million, up from the previous year’s USD 622.29 million. Net income also saw an increase, totaling USD 85.55 million compared to USD 52.8 million in the prior year.
However, in the third quarter of 2023, E.W. Scripps experienced a decline in revenue, reporting $567 million, a 7.4% decrease from the same quarter the year before. The segment profit was $97.5 million, but the company suffered a loss attributable to shareholders of $16.2 million, or 19 cents per share.
As a result of these lower figures, E.W. Scripps shares saw a decrease in trading activity following the release of the Q4 financial results.
SSP Stock Price Plummets 19.48% on February 23, 2024: Investors Watching After-Hours Trading Trend
On February 23, 2024, SSP stock experienced a significant drop in price, closing at $4.34, a decrease of $1.05 or 19.48% since the market last closed. Despite the significant decrease in price during regular trading hours, SSP saw a slight uptick in after-hours trading, with the stock rising $0.21. Investors may be keeping a close eye on SSP stock in the coming days to see if the after-hours trading trend continues or if the stock experiences further fluctuations. It is important for investors to conduct thorough research and analysis before making any investment decisions, especially in light of the recent price movements of SSP stock.
SSP Stock Performance Shows Promising Results with Strong Financial Figures in 2024
On February 23, 2024, SSP’s stock performance showed promising results as the company reported solid financial figures. According to data from CNN Money, SSP’s total revenue for the past year was $2.45 billion, with a slight increase of 7.43% compared to the previous year. In the third quarter alone, the company generated $566.53 million in total revenue, holding flat since the previous quarter.
Despite the flat revenue growth in the last quarter, SSP managed to significantly increase its net income. The company reported a net income of $192.24 million for the past year, marking a substantial 68.57% increase from the previous year. In the third quarter, SSP reported a net income of -$3.65 million, which may seem concerning at first glance. However, this figure actually represents a significant improvement from the previous quarter, with a net income increase of 99.45%.
Moreover, SSP’s earnings per share (EPS) also showed a positive trend. The company reported an EPS of $1.62 for the past year, reflecting a remarkable 121.06% increase from the previous year. In the third quarter, SSP reported an EPS of -$0.19, which may seem like a setback. However, this figure actually represents a substantial improvement from the previous quarter, with an EPS increase of 97.63%.
Overall, SSP’s stock performance on February 23, 2024, demonstrated the company’s ability to generate strong financial results and improve its profitability. Investors may find these figures encouraging, as they indicate that SSP is on a positive trajectory for growth and success in the future.
