McClatchy Co. (MNI: Quote) 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.
Click here to receive FREE breaking news email alerts for McClatchy Co and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org