HSN tops 3Q earnings and revenue expectations

MarketsAssociated Press

ST. PETERSBURG, Fla. (AP) — HSN Inc. (HSNI) on Tuesday reported third-quarter net income of $39.5 million.

On a per-share basis, the St. Petersburg, Florida-based company said it had profit of 74 cents.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The home shopping network operator posted revenue of $837.5 million in the period, also surpassing Street forecasts. Analysts expected $834.3 million, according to Zacks.

HSN shares have risen nearly 5 percent since the beginning of the year. The stock has climbed 26 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. HSNI stock research report from Zacks.

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Keywords:HSN,Earnings Report