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BRIEF-Torstar Corporation Reports First Quarter Results

Published 2019-05-08, 06:47 a/m
BRIEF-Torstar Corporation Reports First Quarter Results
TSb
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May 8 (Reuters) - Torstar Corp TSb.TO :

* ORATION REPORTS FIRST QUARTER RESULTS

* Q1 ADJUSTED LOSS PER SHARE C$0.06

* Q1 LOSS PER SHARE C$0.09

* Q1 EARNINGS PER SHARE ESTIMATE C$-0.15 -- REFINITIV IBES DATA

* QTRLY TOTAL SEGMENTED OPERATING REVENUE $131.2 MILLION VERSUS $147.4 MILLION

* LOSS IN THE FIRST QUARTER OF 2019 INCLUDED A LOSS OF $5.1 MILLION FROM VERTICALSCOPE

* EXPECT THE TREND IN PRINT SUBSCRIPTION REVENUE WILL DETERIORATE MODESTLY IN THE BALANCE OF THE YEAR

* TOTAL SUBSCRIPTION REVENUE EXPECTED TO BE RELATIVELY FLAT ON A YEAR OVER YEAR BASIS FOR REMAINDER OF YEAR

* FROM A CASH FLOW PERSPECTIVE, CAPITAL EXPENDITURES FOR 2019 ARE EXPECTED TO BE IN THE RANGE OF $15 - $16 MILLION

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