Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

The McClatchy Company Q1 Loss Slightly Widens

RELATED NEWS
Trade MNI now with 

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.

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: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month. Sen. Lindsey Graham, R-S.C., is seen as a long shot for the Republican presidential nomination in 2016, and his chances may have gotten worse after he was recorded joking about the prospects for "white men" if he were elected president.
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.