Tegna Q2 EPS $0.44 Beats $0.42 Estimate, Sales $731.50M Miss $738.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tegna (NYSE:TGNA) reported Q2 earnings of $0.44 per share, beating the analyst consensus estimate of $0.42 by 4.76%. However, this is a 26.67% decrease from the same period last year. The company's quarterly sales were $731.50 million, missing the analyst consensus estimate of $738.00 million by 0.88%, and marking a 6.80% decrease from the same period last year.
August 04, 2023 | 1:19 pm
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Tegna's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Tegna's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
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