Journal Communications (JRN) Tops Q2 EPS by 3c, Offers Q3 Outlook

Journal Communications (NYSE: JRN) reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $104.7 million versus the consensus estimate of $107 million.

Third Quarter 2014 Outlook

In the third quarter of 2014, excluding political revenue, we expect total television revenue to be up in the low to mid-teens as compared to the third quarter of 2013. In radio, excluding political revenue, we expect revenue increases in the low-single digits as compared to the third quarter of 2013. In publishing, we anticipate revenue declines in the low-single digits as compared to the third quarter of 2013.

For earnings history and earnings-related data on Journal Communications (JRN) click here.

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