TEGNA (TGNA) Tops Q4 EPS by 2c, Offers Outlook

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TEGNA Inc. Reports 2017 Fourth Quarter and Full-Year Results

March 1, 2018 7:30 AM EST

MCLEAN, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced financial results for the fourth quarter and full-year ended December 31, 2017.

Financial highlights for the fourth quarter:

Revenue was nine percent higher year-over-year on a non-GAAP* comparable basis driven by subscription revenue and growth initiatives; total company revenue from continuing operations declined 10 percent year-over-year due to the cyclical absence of political revenue as well as terminated digital businesses as reported in the prior two quarters. GAAP earnings per diluted share from continuing operations were $1.40. Non-GAAP* earnings per diluted... More