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BRIEF-Tegna Announces Q1 EPS Of $0.51

05/10/2021 08:08
BRIEF-Tegna Announces Q1 EPS Of $0.51

- Tegna Inc TGNA.N:

  • TEGNA ANNOUNCES RECORD FINAL FIRST QUARTER RESULTS, SECOND QUARTER GUIDANCE

  • Q1 NON-GAAP EARNINGS PER SHARE $0.52

  • Q1 GAAP EARNINGS PER SHARE $0.51

  • Q1 REVENUE $727 MILLION VERSUS REFINITIV IBES ESTIMATE OF $720.5 MILLION

  • Q1 EARNINGS PER SHARE ESTIMATE $0.50 -- REFINITIV IBES DATA

  • ON TRACK TO ACHIEVE RECENTLY UPDATED FULL-YEAR GUIDANCE FOR FREE CASH FLOW AS A PERCENTAGE OF 2020-2021 REVENUE OF 21.0 - 22.0 PERCENT

  • EXPECTS TO HAVE ELEVATED Q2 CASH TAX PAYMENTS OF $120 - $125 MILLION DUE TO OUR RECORD 2020 RESULTS

  • SEES Q2 2021 TOTAL COMPANY GAAP REVENUE UP MID-TO-HIGH TWENTIES PERCENT VERSUS Q2 2020

  • REAFFIRMING 2021 GUIDANCE METRICS AS PROVIDED ON APRIL 14, 2021

  • Q2 REVENUE VIEW $702.2 MILLION -- REFINITIV IBES DATA

  • Q1 EARNINGS PER SHARE VIEW $0.50, REVENUE VIEW $720.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nBw434c0va

Further company coverage: TGNA.N


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