logo
Share SHARE
FONT-SIZE Plus   Neg

Gannett Co. Q4 Profit Declines - Quick Facts

Gannett Co. Inc. (GCI) said Monday fourth-quarter profit fell to $116.9 million, or $0.49 per share, from $174.1 million, or $0.72 per share, a year ago. Adjusted earnings were $0.72 per share in the recent quarter and $0.83 per share last year.

Eight analysts polled by Thomson Reuters estimated earnings of $0.68 per share. Analysts' estimates usually exclude special items.

Revenues for the period were $1.39 billion, compared to the prior-year's $1.46 billion, as a result of a 7.1 percent drop in publishing advertising revenues and a 14.2 percent drop in broadcasting revenues. Seven analysts polled by Thomson Reuters estimated revenues of $1.39 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumers in Nigeria are calling for a boycott of Coca-Cola products sold in the African nation after a high court judge ruled that the products could be "poisonous". Justice Adedayo Oyebanji of the Lagos High Court ruled that high levels of benzoic acid and sunset additives in Coca-Cola's soft drinks could pose a health risk to consumers when mixed with ascorbic acid, commonly known as Vitamin C. Charles Murphy, a partner at New York hedge fund Paulson & Co., fell to his death after jumping out of a hotel window in Manhattan on Monday. Murphy was found dead on the fourth-floor terrace of the Sofitel New York Hotel after he jumped from a window on the 24th floor. Internet media company BuzzFeed is preparing to go public in 2018, media site Axios reported Wednesday, citing industry sources. New York-based BuzzFeed was founded in 2006 by Jonah Peretti and John Johnson III as a viral lab, focusing exclusively on tracking viral content.
comments powered by Disqus
Follow RTT