TEGNA Smashes EPS Estimates With ‘Record’ Q3 Finish


Yes, supply chain issues are “significantly impacting” automotive ad dollars at TEGNA. But, every other ad category was up by double digits in Q3, and this trend is continuing across Q4.

With home improvement, insurance, education, CPG and finance showing no signs of a slowdown, the owner of broadcast TV stations and the Premion Connected TV/OTT advertising platform for regional and local advertisers enjoyed a strong Q3, easily beating the forecast of analysts polled by Zacks Equity Research.

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