Tegna Inc is a media company that specializes in broadcasting, digital media, and marketing services
It operates a portfolio of television stations and engages in creating and distributing content across various platforms, including digital and social media. The company's focus is on delivering high-quality local news, entertainment, and advertising solutions to its audiences. In addition to its television operations, Tegna leverages technology and data analytics to provide innovative marketing strategies for businesses, enhancing their reach and engagement with consumers. Through its commitment to journalistic integrity and community service, Tegna aims to inform and connect the communities it serves.
What a fantastic six months it’s been for TEGNA. Shares of the company have skyrocketed 45.4%, hitting $18.50. This run-up might have investors contemplating their next move.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at broadcasting stocks, starting with TEGNA (NYSETGNA).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at AMC Networks (NASDAQAMCX) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSEGTN) and its peers.
Election out of the way. Fed out of the way. Q3 earnings season is mostly over. Not many catalysts for a while. And that’s just the way I like it. Markets need to calm down and digest. Investors’ emotions need to recover. It’s been a whirlwind.
Broadcasting and digital media company TEGNA (NYSETGNA) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 13.1% year on year to $806.8 million. On the other hand, next quarter’s revenue guidance of $855.9 million was less impressive, coming in 7.1% below analysts’ estimates. Its GAAP profit of $0.89 per share was also 6.6% above analysts’ consensus estimates.
