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The McClatchy Company Q1 Loss Slightly Widens

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News and information provider The McClatchy Company (MNI: Quote) reported a first-quarter net loss of $2.1 million, slightly wider than the net loss of $2.0 million last year. Loss per share remained unchanged from the prior-year quarter at $0.02.

Excluding items, adjusted net loss was $2.5 million, compared to the adjusted net loss of $3.4 million a year ago.

Net revenues for the quarter declined 5.1 percent to $288.3 million from $303.7 million a year ago.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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After failing to sustain an initial upward move, stocks fluctuated over the course of the trading session on Wednesday before ending the day mixed. The choppy trading came as traders digested upbeat GDP data as well as the Federal Reserve's monetary policy announcement. President Barack Obama took Congress to task in remarks on the economy on Wednesday, accusing Republicans of wasting valuable time by voting on a resolution regarding whether or not to sue him over his use of executive actions. In a surprise move, the Senate voted Tuesday to make changes to an important House highway funding bill, raising questions about whether the legislation will receive final approval before lawmakers leave town for the August recess.
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