E.W. Scripps gains on smaller-than-expected Q3 loss, rev beat

E W Scripps

03/11/2023 14:33

** Shares of U.S. media company E.W. Scripps  SSP.O  up
16.5% at $7.11
    ** Co posts Q3 loss of 19 cents per share vs analysts' ests
of a loss of 22 cents per share - LSEG data
    ** Beats Q3 rev estimates
    ** Says restructuring costs accounted for 4 cents of
per-share loss in Q3 and restructuring charges were nearly $5
mln in the quarter
    ** SSP shares down 45% YTD
    


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))