Time (TIME) Misses Q4 EPS by 3c

Time (NYSE: TIME) reported Q4 EPS of $0.75, $0.03 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $867 million versus the consensus estimate of $872.73 million.

"We are pleased with our progress and achievements during the quarter and our execution against our plan. In 2017, we are well positioned to accelerate our growth across digital and other media. Time Inc. is a unique platform in today’s dynamic media environment. We combine world-renowned content and iconic brands at massive scale with best-in-class targeting, measurement and data capabilities, giving us a tremendous value proposition for both consumers and advertisers. In December, Time Inc. broke into the top ten for the first time in U.S. multi-platform unique digital audience according to comScore. We reached nearly 60% of the total U.S. adult digital audience. In 2016, our digital video experienced explosive growth, up nearly 150% year-over-year to an all-time high for video starts at 4.6 billion."

For earnings history and earnings-related data on Time (TIME) click here.

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