Time (TIME) Tops Q1 EPS by 14c; Plans Sale of Blue Fin Building

Time (NYSE: TIME) reported Q1 EPS of ($0.06), $0.14 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $680 million versus the consensus estimate of $680.94 million.

Time said: "Today, we are announcing that we have listed for sale the Blue Fin building, our principal executive offices in the U.K. This approximately 500,000 square foot property is a marquee building in central London. We expect that Time Inc. UK, which currently occupies approximately 228,000 square feet in the building, will remain a tenant following any sale."

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

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