USA TODAY US Edition
TEGNA NET INCOME JUMPS 79% IN THIRD QUARTER
Tegna, the TV station operator that shed its publishing business earlier this year, said Tuesday its third-quarter net income from continuing operations rose 79% from a year ago to $90.6 million on the strength of its digital unit. Its earnings per share, after adjusting for some items, totaled 37 cents, a penny more than analysts’ estimates of 36 cents that was compiled by Zacks Investment Research. Revenue totaled $807 million, a 19% increase. Shares of Tegna closed up 4 cents to $25.04.