Tegna Q3 EPS $0.48 Beats $0.40 Estimate, Sales $713.24M Miss $717.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tegna reported Q3 earnings of $0.48 per share, beating the analyst consensus estimate of $0.40 by 20%. However, this is a 26.15% decrease from the same period last year. The company's quarterly sales of $713.24 million missed the analyst consensus estimate of $717.94 million by 0.65%, marking an 11.19% decrease from the same period last year.
November 07, 2023 | 1:01 pm
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Tegna's Q3 earnings beat estimates but are down 26.15% YoY. Sales missed estimates and are down 11.19% 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, could negatively impact investor sentiment and the stock price in the short term.
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