TEGNA (TGNA) Tops Q4 EPS by 5c
TEGNA (NYSE: TGNA) reported Q4 EPS of $0.47, $0.05 better than the analyst estimate of $0.42. Revenue for the quarter came in at $694 million versus the consensus estimate of $681.77 million.
FIRST QUARTER AND FULL YEAR 2020 OUTLOOK
In the first quarter of 2020, TEGNA results will continue to be supported by the growth drivers of strong subscription and political revenues. Political advertising revenue for the year will be disproportionately weighted to the back half and the fourth quarter in particular. For the first quarter, the company expects:
First Quarter 2020 Key Guidance Metrics |
| As Reported 1 |
|
|
|
Total Company GAAP Revenue |
| + low-to-mid thirties |
Non-GAAP Revenue (excluding political) |
| + mid-twenties |
Total Non-GAAP Operating Expenses |
| + low-to-mid thirties |
Non-GAAP Operating Expenses (excluding programming) |
| + high twenties |
1 Compares expected results including all acquisitions completed through the fourth quarter of 2019 to results as reported in the first quarter of 2019. | ||
For earnings history and earnings-related data on TEGNA (TGNA) click here.