Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Fisher Communications Q4 Profit Surges On Sale Of Fisher Plaza

Fisher Communications, Inc. (FSCI: Quote) Thursday reported fourth-quarter net income of $33.1 million or $3.71 per share, compared to $8.3 million or $0.93 per share last year.

The company sold Fisher Plaza in Seattle, Washington, for gross proceeds of $160 million and recorded a pre-tax gain of $40.5 million in the quarter.

Adjusted net income, excluding the after tax impact on the sale of Fisher Plaza, was $6.4 million or $0.72 per share. There was no adjustments in the prior-year quarter.

Revenue for the quarter declined 19 percent to $46.4 million from $57.2 million last year. Net TV revenues increased 9 percent while radio net revenues declined 18 percent from last year.

Click here to receive FREE breaking news email alerts for Fisher Communications Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast. Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.