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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

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IT services provider Computer Sciences Corp (CSC), on Tuesday reported a profit for the third quarter that also trumped estimates, helped largely by lower operating costs that offset 10 percent drop in revenues. Commenting on the results Mike Lawrie said, "In the third quarter, CSC successfully completed... Entertainment giant Walt Disney Co. (DIS) Tuesday reported an increase in first-quarter profit that also trumped Wall Street expectations, as revenues jumped 14 percent on stupendous performance of Star Wars: The Force Awakens. Burbank, California-based Disney's first-quarter profit rose to $2.88... Media conglomerate Viacom, Inc. on Tuesday reported a 10 percent decline in profit for the first quarter from last year, reflecting lower revenues in the Filmed Entertainment and Media Networks segments. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates.
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