Tribune Publishing (TPUB) Posts Q1 EPS of $0.10

Tribune Publishing (NYSE: TPUB) reported Q1 EPS of $0.10, which may not compare to the analyst estimate of $0.34. Revenue for the quarter came in at $396 million versus the consensus estimate of $408.21 million.

Tribune Publishing’s Chief Executive Officer Jack Griffin said, “The first quarter of 2015 represents our second full quarter as a publicly traded company. Our results were in line with expectations and reflect the early initiatives of our five-point transformation plan. We also continued to make strides in re-organizing our national advertising sales efforts, integrating once-disparate print and digital teams to offer marketers the full continuum of multiplatform solutions.

“Our Company remains vigilantly focused on controlling costs and this is reflected in the first quarter. We also initiated a comprehensive strategic sourcing program that leverages the collective purchasing power of all of our brands. This initiative complements the extensive zero-based budgeting process that we conducted in late 2014."

For earnings history and earnings-related data on Tribune Publishing (TPUB) click here.

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