The company says it will exceed full-year 2020 guidance provided prior to the COVID-19 pandemic for all key financial metrics, despite the challenging external market environment. Tegna will host a conference call to discuss its fourth quarter and full-year 2020 results on Monday, March 1, at 9 a.m. ET.
The company raises second quarter fiscal 2013 earnings per share range to $0.85 to $0.90. Donald C. Berg of Brown-Forman elected to its board of directors.
Sanford C. Bernstein analyst Todd Juenger today lowered his price target on CBS Corp.’s stock by $2 to $37, citing the “awful start” to the U.S. fall TV season for broadcasters that led him to bring down his earnings forecasts for the company.