Tribune Media fell shy of Wall Street’s revenue expectations in the third quarter of 2015, despite positive momentum from both TV and digital divisions — but the company more or less hit analysts’ earnings per share (EPS) predictions.
During the measured three-month period, sales ticked up year over year at both the TV/Entertainment segment as well as the Digital/Data one. Real estate revenue slipped in the opposite direction, but not enough to quell the overall 3 percent growth.
Market analysts had forecast Tribune Media’s EPS clocking it at $0.29 on $493.76 million in revenue, per Yahoo Finance; Zacks predicted earnings would come in two pennies higher per share.