Montrose Environmental Group Announces Third Quarter 2020 Results

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Go back to Montrose Environmental Group Announces Third Quarter 2020 Results

Media General (MEG) Misses Q3 EPS by $3.09, Revenues Beat

November 12, 2020 4:14 PM EST

Media General (NYSE: MEG) reported Q3 EPS of ($2.99), $3.09 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $84.7 million versus the consensus estimate of $78.55 million.

Third Quarter 2020 Highlights

Total revenue of $84.7 million increased 47.0% compared to the prior year quarterNet loss of $30.7 million compared to a net loss of $6.7 million in the prior year quarter, primarily due to non-cash fair value adjustments and non-capitalizable IPO expensesAdjusted EBITDA1 of $16.7 million increased 107.3% compared to the prior year quarterAdjusted... More