TEGNA Inc. Reports 2019 Third Quarter Results
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TEGNA (TGNA) Tops Q3 EPS by 1c, Revenues Beat
November 7, 2019 7:34 AM ESTTEGNA (NYSE: TGNA) reported Q3 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $552 million versus the consensus estimate of $542.35 million.
THIRD QUARTER HIGHLIGHTS:
Total company revenue was $552 million, up two percent year-over-year, driven by acquisitions and continued growth in subscription revenue and advertising and marketing services, which more than offset the absence of $60 million of political revenue in the same period last year.Adjusted total company revenue, excluding political, was up 14 percent year-over-year.Third quarter subscription revenue of $241 million was up 16... More