TEGNA (TGNA) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

TEGNA's (TGNA) second-quarter 2024 non-GAAP earnings of 50 cents per share beat the Zacks Consensus Estimate by 2.04% and increased 13.6% on a year-over-year basis. Revenues declined 2.9% year over year to $710.4 million and missed the Zacks Consensus Estimate by 1.02%. The year-over-year decline was primarily due to lower subscription and advertising and marketing services revenues, partially offset by higher political advertising dollars. During the second quarter, TEGNA returned more than $93 million of ...