TEGNA Inc. Reports Strong 2020 Final First Quarter Results

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Go back to TEGNA Inc. Reports Strong 2020 Final First Quarter Results

TEGNA (TGNA) Tops Q1 EPS by 1c, Revenues Beat

May 7, 2020 8:01 AM EDT

TEGNA (NYSE: TGNA) reported Q1 EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $684.19 million versus the consensus estimate of $679.32 million.

FIRST QUARTER HIGHLIGHTS:

Total company revenue was $684 million in the first quarter, up 32 percent year-over-year and in-line with prior guidance and the figure provided in our preliminary first quarter results released last month. This increase was driven by acquisitions and continued growth in subscription revenue and political advertising spending, which TEGNA continues to expect to account for more than half of our revenues on a 19/20... More