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Why E.W. Scripps (SSP) Stock Is Nosediving
Shares of media, broadcasting, and digital services company E.W. Scripps (NASDAQ:SSP) fell 21.9% in the afternoon session after company reported first quarter results, with revenue falling short of Wall Street's estimates as its Local Media segment underperformed. On the other hand, E.W. Scripps blew past analysts' operating margin and EPS expectations this quarter. Overall, this was a mixed but weaker quarter for the company.
Why Is H&R Block (HRB) Stock Soaring Today
Shares of tax preparation company H&R Block (NYSE:HRB) jumped 9.2% in the afternoon session after the company reported first-quarter earnings results. H&R Block beat analysts' revenue and EPS expectations this quarter, driven by better-than-expected pricing and volumes in its assisted tax preparation business.
Why Akamai (AKAM) Shares Are Sliding Today
Shares of web content delivery and security company Akamai (NASDAQ:AKAM) fell 11.2% in the morning session after the company reported first-quarter earnings results. Although its EPS beat Wall Street's estimates, its full-year revenue guidance missed analysts' expectations, sending the stock down. Company outlooks have been the big focus this earnings season. On the bright side, the Board authorized a new three-year, $2.0 billion share repurchase program. Overall, the results could have been better.