Tribune Media Company Reports Third Quarter 2016 Results

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Go back to Tribune Media Company Reports Third Quarter 2016 Results

Tribune Media (TRCO) Numbers Cut as Jefferies; Reduced Outlook Not Unexpected

November 10, 2016 8:28 AM EST

Jefferies analyst John Janedis lowered estimates and his price target on Hold-rated Tribune Media (NYSE: TRCO) to $34.00 (from $38.00) saying the reduced outlook was not expected.

Janedis commented, "Similar to peers, TRCO lowered their full year political adv. estimate (from $200M to $161M, gross).... More

Tribune Media (TRCO) Misses Q3 EPS by 3c; Lowers FY17 Revenue Outlook

November 9, 2016 7:16 AM EST

Tribune Media (NYSE: TRCO) reported Q3 EPS of $0.48, $0.03 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $518.1 million versus the consensus estimate of $547.9 million.

GUIDANCE:

Tribune Media sees FY2016 revenue of $2.147-2.179 billion, versus the consensus of... More