TEGNA Inc. Reports 2019 Second Quarter Results

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Go back to TEGNA Inc. Reports 2019 Second Quarter Results

TEGNA (TGNA) Tops Q2 EPS by 3c, Revenues Beat

August 6, 2019 7:36 AM EDT

TEGNA (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