logo
Share SHARE
FONT-SIZE Plus   Neg

Gannett Co. Q4 Profit Declines - Quick Facts

Gannett Co. Inc. (GCI: Quote) 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

Editors Pick
International Business Machines Corp. said Monday after the markets closed that its first quarter profit fell 2.4% from last year, as improved margins could not offset a 12% decrease in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Norway is all set to shut down FM radio in 2017, Radio.no reported. The Nordic country will be the first to scrap as it plans a shift to Digital Audio Broadcasting. The trailer of Star Wars: The Force Awakens, the latest installment from epic space film franchisee created by George Lucas, has sent both fans and Disney investors into a frenzy. Walt Disney Co.'s (DIS) market capitalization, which now owns the Star Wars franchisee, was boosted by about $2 billion...
comments powered by Disqus
RELATED NEWS
Trade GCI now with 
Follow RTT