TEGNA Inc. Reports 2019 Second Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
TEGNA (TGNA) Tops Q2 EPS by 3c, Revenues Beat
August 6, 2019 7:36 AM EDTTEGNA (NYSE: TGNA) reported Q2 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $537 million versus the consensus estimate of $535.24 million.
SECOND QUARTER HIGHLIGHTS:
Total company revenue was $537 million, up two percent year-over-year, driven by subscription revenues and an improvement in advertising and marketing services. Adjusted total company revenue, excluding political, was up 7 percent year-over-year.Second quarter subscription revenue of $236 million increased 13 percent, driven by rate increases.Net income was $80 million in the second quarter and non-GAAP net income was $77 million.Total... More