Time (TIME) Tops Q2 EPS by 14c

Time (NYSE: TIME) reported Q2 EPS of $0.30, $0.14 better than the analyst estimate of $0.16. Revenue for the quarter came in at $820 million versus the consensus estimate of $821.33 million. Adjusted OIBDA was $113 million.

"On June 6th, we completed our separation from Time Warner. We are once again an independent public company, for the first time since January 1990,” said Time Inc. Chairman and Chief Executive Officer Joe Ripp. “Time Inc. is undergoing a significant transformation as we extend our powerful brands across platforms, work to develop adjacent business opportunities, and move toward a leaner and more nimble operating culture. We had a solid second quarter, we are making real progress, and we are executing. However, we still face secular challenges, and we are in the early innings of driving change.”

For earnings history and earnings-related data on Time (TIME) click here.

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