tronc (TRNC) Tops Q4 EPS by 23c
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tronc, Inc. Reports Fourth Quarter and Full Year 2016 Results
February 22, 2017 4:20 PM ESTCHICAGO, Feb. 22, 2017 (GLOBE NEWSWIRE) -- tronc, Inc. (NASDAQ: TRNC) today reported financial results for its fourth quarter and full year ended December 25, 2016.
2016 FULL YEAR HIGHLIGHTS
Net Income increased by over $9 million compared to 2015Earnings Per Share increased by $0.30 from prior yearAdjusted EBITDA grew to $181 million, an increase of $23 million over prior yearTotal operating expenses decreased $95 million, and Adjusted total operating expenses declined by $123 million compared to 2015Cash on the balance sheet increased to $198 million creating substantial liquidity for the Company to... More