Time (TIME) Misses Q4 EPS by 5c
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Time (NYSE: TIME) reported Q4 EPS of $0.73, $0.05 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $895 million versus the consensus estimate of $904.3 million.
OUTLOOK
Our outlook for 2015 is as follows:
| $ in millions | ||||||||||
| Full Year 2015 | ||||||||||
| 2014 Actual | Outlook Range | |||||||||
| Revenues | (2.2%) | (3%) | to | (6%) | ||||||
| Revenues - excluding Corporate Transactions | (5.3%) | (1.5%) | to | (4.5%) | ||||||
| Impact of 2014 Wholesaler Transition | ($22) | 70 bps | ||||||||
| Forecasted impact of stronger USD(1) | - | (120) bps | ||||||||
| Adjusted OIBDA | $524 | $440 | to | $490 | ||||||
| Impact of 2014 Wholesaler Transition | ($30) | - | ||||||||
| One-time real estate expense | - | ($45) | ||||||||
| Investment spending, net | - | ($45) | ||||||||
| Capital expenditures | $41 | $210 | to | $220 | ||||||
| Real estate related | $9 | $140 | to | $150 | ||||||
| Core & growth | $32 | $70 | ||||||||
| (1) Assumes USD to GBP exchange rate of 1.50. | ||||||||||
For earnings history and earnings-related data on Time (TIME) click here.
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