HSN Q1 Profit Rises, Results Beat View - Quick Facts

(RTTNews) - HSN, Inc. (HSNI) reported first-quarter net income of $33.7 million or $0.63 per share, up from $24.2 million or $0.45 per share in the year-ago period.

Adjusted earnings for the quarter were $0.63 per share, compared to $0.50 per share in the prior-year period. On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 8 percent to $841.89 million from $777.42 million in the same period last year, while seven analysts expected revenue of $826.08 million for the quarter.

HSNi's board of directors approved a quarterly cash dividend of $0.35 per share payable June 17, 2015 to shareholders of record as of June 3, 2015.