Life and politics from the Sunshine State's best city

Tag archive

Zacks Investment Research

St. Pete-based HSN drops revenue, profits; still beating industry expectations

in The Bay and the 'Burg/Top Headlines by

HSN Inc., a home shopping network operator, reported a drop in its fourth-quarter profit and revenue Wednesday. But its profit for the period exceeded market expectations, sending its shares up in trading. The St. Petersburg, Florida-based company said it earned $59.7 million, or $1.12 per share. Earnings, adjusted for one-time gains and costs, amounted to $1.15 per share. Analysts surveyed by Zacks Investment Research were anticipating earnings of $1.04 per share. HSN’s revenue fell 2 percent to $1.1 billion, short…

Keep Reading

Go to Top