McClatchy Co. (MNI) reported that its fourth-quarter net income rose to $42.01 million or $0.49 per share, from $14.78 million or $0.17 per share in the same quarter last year.
Adjusted income from continuing operations increased to $43.21 million from $33.48 million in the year ago quarter.
Revenues for the quarter declined to $351.44 million from $369.93 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share on revenues of $347.80 million for the quarter. Analysts' estimates typically exclude special items.
by RTT Staff Writer
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