TENGA, Inc. (TGNA) PT Raised to $19 at Guggenheim

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TEGNA (TGNA) Provides FY21 Guidance, Announces Record Preliminary Q4 and FY20 Results

January 6, 2021 7:07 AM EST

TEGNA Inc. (NYSE: TGNA) (the Company) today announced preliminary financial results for the fourth quarter and full-year ended December 31, 2020 and guidance for the full-year ending December 31, 2021. The Company also announced that the TEGNA Board of Directors authorized the renewal of its share repurchase program which allows the Company to repurchase up to $300 million of its issued and outstanding common stock over the next three years.

PRELIMINARY FOURTH QUARTER HIGHLIGHTS:

Record revenue is expected to be in the range of $932-$937 million, up 34 to 35 percent year-over-year, driven by record political... More