Time (TIME) Misses Q4 EPS by 8c
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Time (NYSE: TIME) reported Q4 EPS of $0.58, $0.08 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $877 million versus the consensus estimate of $872.09 million.
OUTLOOK
Our Outlook for 2016 is as follows:
| $ in millions | |||||||||
| Full Year 2016 | |||||||||
| 2015 Actual | Outlook Range | ||||||||
| Revenues – as reported | (5%) | 1% | to | 5% | |||||
| Adjusted OIBDA | $440 | $440 | to | $490 | |||||
| Investment spending, net | $(30) | $(25) | |||||||
| Capital expenditures | $166 | $85 | to | $105 | |||||
| Real estate related(1) | $115 | $40 | |||||||
| Core & growth | $51 | $45 | to | $65 | |||||
(1) 2015 Actual capital expenditures were offset by $46 million of tenant improvements allowances.
For earnings history and earnings-related data on Time (TIME) click here.
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