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News
Tribune profits down
January 26, 2001: 8:22 a.m. ET

Media company beats lowered forecasts, but EPS down on falling ad sales
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NEW YORK (CNNfn) - Tribune Co., reported lower fourth-quarter earnings per share Friday that beat reduced forecasts on Wall Street.

The Chicago-based publisher of the Chicago Tribune and Los Angeles Times said it earned 36 cents a share in the quarter, down from 44 cents a share a year earlier.

The results topped analysts' lowered forecasts of 34 cents a share, according to earnings tracker First Call.  Wall Street lowered its estimates after the company warned of declining ad revenue in December.

Revenue increased 2 percent to $1.5 billion from about $1.47 billion a year ago.

Shares of Tribune (TRB: Research, Estimates) fell 75 cents to $38.38 in afternoon trade Friday. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.