Tegna jumps after Q4 profit beat

Tegna

27/02/2025 16:57

** Media company Tegna's TGNA.N shares rise ~5% to $17.46 on better-than-expected fourth-quarter profit

** TGNA reports quarterly adjusted earnings per share of $1.21, beating analysts' estimate of $1.16, according to data compiled by LSEG

** Company's fourth-quarter subscription revenue totaled $357.3 million vs $339.3 million a year ago

** Quarterly revenue up 20% at $870.5 million, driven by strength in political advertising

** Including session's moves, stock down ~4.7% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))