HSN meets 2Q earnings expectations, misses revenue forecasts

MarketsAssociated Press

HSN Inc. (HSNI) on Thursday reported second-quarter earnings of $41.6 million.

On a per-share basis, the St. Petersburg, Florida-based company said it had profit of 78 cents. Earnings, adjusted for non-recurring costs, were 81 cents per share.

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The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 81 cents per share.

The home shopping network operator posted revenue of $885.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $896 million.

HSN shares have declined almost 2 percent since the beginning of the year. The stock has climbed 33 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSNI at http://www.zacks.com/ap/HSNI


Keywords: HSN, Earnings Report