Journal Communications, Inc. (JRN) Reports In-Line Q2 EPS; Guides Q3 Revs
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Journal Communications, Inc. (NYSE: JRN) reported Q2 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $90.1 million versus the consensus estimate of $91.35 million.
For the third quarter of 2011, we anticipate that publishing revenues will be down compared to the prior year period reflecting continued challenges with publishing advertising revenue. Excluding political and issue advertising in broadcast, broadcast revenues are expected to be up slightly compared to the prior year period.
For the third quarter of 2011, we anticipate that publishing revenues will be down compared to the prior year period reflecting continued challenges with publishing advertising revenue. Excluding political and issue advertising in broadcast, broadcast revenues are expected to be up slightly compared to the prior year period.
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