HSN Inc. Q2 Profit Retreats 10%

(RTTNews) - HSN Inc. (HSNIV) released earnings for second quarter that declined compared to the same period last year.

The company said its profit totaled $39.26 million, or $0.74 per share. This was lower than $43.53 million, or $0.81 per share, in last year's second quarter.

Analysts had expected the company to earn $0.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.5% to $854.3 million. This was down from $885.6 million last year.

HSN Inc. earnings at a glance:

-Earnings (Q2): $39.26 Mln. vs. $43.53 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q2): $0.74 vs. $0.81 last year. -EPS Decline (Y-o-Y): -8.6% -Analysts Estimate: $0.71 -Revenue (Q2): $854.3 Mln vs. $885.6 Mln last year. -Revenue Change (Y-o-Y): -3.5%