E.W. Scripps reports Q3 EPS (55c), consensus (32c)

Reports Q3 revenue $526M, consensus $523.58M. “We are pleased today to report a third consecutive quarter of meeting or exceeding Wall Street expectations on nearly every reporting line. In addition, we completed a significant refinancing and brought down our leverage ratio from the start of the year. Since early August, we have announced the sale of two stations at valuations well above the industry average, contributing to improving the health of our balance sheet and the durability of our Local Media portfolio and further de-levering.”