TGNA - TEGNA Q3 Earnings Beat Estimates CEO Touts Share Buyback Milestone Despite Revenue Dip | Benzinga
TEGNA Inc. (NYSE: TGNA) reported third-quarter revenue of $713.24 million, beating the street view of $717.94 million.
Revenue slumped 11% Y/Y primarily due to the reduction of political revenue from the mid-term election cycle last year.
The company reported adjusted earnings of $0.39 per share, missing the analyst consensus of $0.40.
Third-quarter subscription revenue was $378 million, up slightly Y/Y, driven by contractual rate increases, partially offset by subscriber declines.
AMS revenue ...