CTC Media, Inc. (CTCM) Reports In-Line Q4 EPS; Issues FY13 Outlook

CTC Media, Inc. (NASDAQ: CTCM) reported Q4 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $236.76 million versus the consensus estimate of $257.13 million.

Approximately 80% of CTC Media's forecast full-year 2013 Russian national inventory is currently committed, at average prices higher than in 2012. The Russian TV advertising market is currently expected to grow by up to 10% year-on-year in 2013 in ruble terms. CTC Media expects its Russian television advertising revenues to grow in line with the market in ruble terms, while the Company's new media, CIS, sublicensing and CTC-International revenues are expected to grow faster than the Russian TV advertising market.

For earnings history and earnings-related data on CTC Media, Inc. (CTCM) click here.

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