tronc (TRNC) Tops Q4 EPS by 23c

tronc (NASDAQ: TRNC) reported Q4 EPS of $0.53, $0.23 better than the analyst estimate of $0.30. Revenue for the quarter came in at $425 million versus the consensus estimate of $432 million.

“2016 was a transitional year for our company and despite unexpected distractions we delivered strong financial results for the full year of 2016, including total revenues of $1.61 billion, and Adjusted EBITDA of $181 million, which was well ahead of our November guidance and consistent with our January year-end guidance update," said CEO Justin Dearborn. "We continued to make progress in growing our digital audience, with our average monthly unique visitors in the fourth quarter of 2016 up 16% year-over-year and our total paid all access subscribers reaching just under a million at the end of 2016. With a focused strategy and strong balance sheet in place, we believe we are well-positioned to further develop our business transformation in 2017.”

For earnings history and earnings-related data on tronc (TRNC) click here.

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