Time (TIME) Tops Q3 EPS by 5c
Tweet
Share
E-mailGet Alerts TIME Hot Sheet
Join SI Premium – FREE
Time (NYSE: TIME) reported Q3 EPS of $0.32, $0.05 better than the analyst estimate of $0.27. Revenue for the quarter came in at $773 million versus the consensus estimate of $769.35 million.
OUTLOOK
We have narrowed the ranges for our 2015 outlook from previously issued guidance as follows:
| $ in millions | ||||||||||||
| 2014 Actual | Previous FullYear 2015Outlook Range | Current FullYear 2015Outlook Range | ||||||||||
| Revenues – as reported | (2.2%) | (3%) | to | (6%) | (5%) | to | (6%) | |||||
| Revenues(1) | (5.3%) | (1.5%) | to | (4.5%) | (3.5%) | to | (4.5%) | |||||
| Impact of 2014 wholesaler transition | ($22) | 70 bps | 70 bps | |||||||||
| Forecasted impact of stronger USD(2) | — | (120) bps | (120) bps | |||||||||
| Adjusted OIBDA | $524 | $440 | to | $490 | $440 | to | $470 | |||||
| Impact of 2014 wholesaler transition | ($30) | — | — | |||||||||
| One-time real estate expense | — | ($45) | ($40) | |||||||||
| Investment spending, net | — | ($45) | ($40) | |||||||||
| Capital expenditures | $41 | $210 | to | $220 | $175 | to | $185 | |||||
| Real estate related(3) | $9 | $140 | to | $150 | $115 | to | $125 | |||||
| Core & growth | $32 | $70 | $60 | |||||||||
For earnings history and earnings-related data on Time (TIME) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- The Lovesac Company (LOVE) Tops Q1 EPS by 29c
- Stitch Fix (SFIX) Tops Q3 EPS by 4c, Offers Guidance
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
