HSN Q3 Profit Up, Beats Street - Quick Facts

(RTTNews) - HSN Inc. (HSNIV, HSNI), Wednesday posted higher third-quarter profit, with increase in revenues. The results also reflected absence of loss on debt extinguishment that was present the year earlier. Adjusted earnings per share exceeded the Street estimates.

For the three-month period, the company reported net income of $42.05 million or $0.77 per share, compared with $17.6 million or $0.31 per share last year.

Excluding special items, adjusted earnings were $0.70 per share. On average, nine analysts polled by Thomson Reuters expected the company to report earnings per share of $0.64 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales were $798.9 million, a rise from $778.8 million a year ago. Analysts expected the company to generate revenues of $815.70 million.

Further, HSNi's board approved a quarterly cash dividend of $0.25 per share representing a 39 percent increase from the prior dividend, payable on December 18, to shareholders of record on December 4.