Tribune Publishing Reports First Quarter 2020 Results
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UPDATE: Tribune Publishing (TPCO) Reports 1Q EPS Loss of $0.99, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
June 5, 2020 7:35 AM EDT(Updated - June 5, 2020 7:37 AM EDT)
Tribune Publishing (NASDAQ: TPCO) reported Q1 EPS of ($0.99), $1.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $216.5 million versus the consensus estimate of $211.45 million.
First Quarter 2020 Highlights:
Total revenues were $216.5 million, down from $244.5 million in the first quarter of 2019Loss from operations was $62.0 million, substantially due to non-cash impairment charges of $51.0 million, compared to a loss of $7.4 million in the first quarter of 2019Adjusted EBITDA was $13.3 million, a decrease of $8.0 million compared to the first quarter of... More