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$SNI 2Q15 PR: Scripps Networks posted its 2Q15 results with revenues of $732.1MM, up 3.4% from 2Q14. Net income attributable to Scripps Networks was $193.7MM vs. $153.7MM in 2Q14. Diluted EPS was $1.49 vs. $1.07 in 2Q14. Segment profit up 12.3% to $358.5MM. Total OpEx was $400MM, down 5.8% from 2Q14. Operating income was $332MM, up 17.1% from 2Q14.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.