TEGNA Inc. Reports 2020 Second Quarter Results
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TEGNA (TGNA) Reports In-Line Q2 EPS
August 10, 2020 7:32 AM EDTTEGNA (NYSE: TGNA) reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $577.6 million versus the consensus estimate of $578.96 million.
SECOND QUARTER HIGHLIGHTS:
Total company revenue was $578 million in the quarter, up eight percent year-over-year. The increase was driven by acquisitions, continued growth in subscription revenue, and political revenue, partially offset by advertising declines as a result of COVID-19.Excluding political advertising, second quarter revenue grew five percent year-over-year.Second quarter subscription revenue of $323 million was up 37 percent due to rate increases and... More