It’s usually not a good sign when your company reports a wider net loss, compared to the same period one year earlier, in its quarterly earnings.
But, there’s an exception: If the net loss wasn’t as big as analysts predicted, that can be a good thing.
That’s exactly what’s propelling The E.W. Scripps Co. on Wall Street, with midday trading on Monday robust following the release of Q1 2018 results that were largely positive.
Even so, there’s a big ding in Scripps’ local media revenue. Unfortunately, GEICO, Progressive or any other auto insurance company can’t be called on to help this hit-and-run scenario, perpetrated by Dodge.