TEGNA Inc. (TGNA - Free Report) reported second-quarter 2018 non-GAAP earnings of 36 cents per share, which beat the Zacks Consensus Estimate by a penny. The figure increased 24.1% on a year-over-year basis and 9.1% sequentially.
On a GAAP basis, revenues increased 7.1% year over year to $524.1 million, which came ahead of the Zacks Consensus Estimate of $517 million. Top-line growth was driven by continued increase in total paid subscribers, mainly OTT subscribers, and political revenues.
TEGNA reported adjusted revenues of $498.4 million, which excludes political revenues and discontinued digital business. The figure also reflects year-over-year growth of 4.8%.
TEGNA Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
TEGNA Inc. (TGNA - Free Report) reported second-quarter 2018 non-GAAP earnings of 36 cents per share, which beat the Zacks Consensus Estimate by a penny. The figure increased 24.1% on a year-over-year basis and 9.1% sequentially.
On a GAAP basis, revenues increased 7.1% year over year to $524.1 million, which came ahead of the Zacks Consensus Estimate of $517 million. Top-line growth was driven by continued increase in total paid subscribers, mainly OTT subscribers, and political revenues.
TEGNA reported adjusted revenues of $498.4 million, which excludes political revenues and discontinued digital business. The figure also reflects year-over-year growth of 4.8%.
TEGNA Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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