Time (TIME) Tops Q3 EPS by 1c

November 3, 2016 6:10 AM EDT
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Time (NYSE: TIME) reported Q3 EPS of $0.31, $0.01 better than the analyst estimate of $0.30. Revenue for the quarter came in at $750 million versus the consensus estimate of $770.57 million.

OUTLOOK

Our Outlook for 2016 is as follows:

$ in millions
2015 Actual

Previous Full Year 2016Outlook Range (1)

Current Full Year 2016Outlook Range (1)

Revenues (5%) —%to1.5% (1%)to—%
Operating income (loss) $(823) $215 $240 $15 $25
Adjusted OIBDA $440 $400to$430 $400to$415
Investment spending, net $(30)

$(20)

($20)

Capital expenditures $166 $95to$105 $95to$105
Real estate related(2) $115

$50

$50

Core & growth $51 $45to$55 $45to$55

(1) The Previous Full Year 2016 Outlook assumed USD to GBP exchange rate of 1.3 for the remainder of the year. The Current Full Year 2016 Outlook assumes USD to GBP exchange rate of 1.2 for the remainder of the year.
(2) 2015 Actual capital expenditures were offset by $46 million of tenant improvements allowances.

For earnings history and earnings-related data on Time (TIME) click here.



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