Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Gannett Q1 Profit Down - Quick Facts

RELATED NEWS
Trade GCI now with 

Gannett Co., Inc. (GCI: Quote) reported that its first-quarter net income attributable to the company declined to $68.22 million, from $90.49 million in the same quarter last year. Earnings per share, on a GAAP basis were $0.28 for the first quarter of 2012 compared to $0.37 for the first quarter last year.

Excluding special items in 2012 and 2011, first quarter earnings per share were $0.34 compared to $0.41 for the same quarter in 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating Revenues for the quarter declined to $1.22 billion from $1.25 billion in the prior year quarter. Seven analysts had consensus revenue estimate of $1.24 billion for the quarter.

Click here to receive FREE breaking news email alerts for Gannett Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.