Scripps Networks Interactive Q2 Profit Rises - Quick Facts

(RTTNews) - Scripps Networks Interactive, Inc. (SNI) reported that its second-quarter net income attributable to company increased to $159.73 million or $1.08 per share, from $142.36 million or $0.93 per share, last year.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.05 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues rose to $665.13 million from $600.99 million last year. The company said its results for the three-month period ended June 30 reflect strong advertising revenue of $462 million, up 11 percent, and affiliate fee revenue of $189 million, up 11 percent year over year. Analysts expected revenue of $656.28 million for the quarter.

The company also updated 2013 full-year revenue guidance. The company now expects total revenue to increase 9 percent to 10 percent due to ongoing strength in the advertising market. The previous range was 7 percent to 9 percent.