logo
Share SHARE
FONT-SIZE Plus   Neg

Gannett Q4 Results Top Estimates - Quick Facts

Gannett Co., Inc. (GCI: Quote) reported that its fourth-quarter net income attributable to the company declined to $103.09 million or $0.44 per share, from $116.94 million or $0.49 per share in the same quarter last year.

Results for the fourth quarter of 2012 included special charges affecting operating income. Non-cash asset impairments, efficiency-driven facility consolidation and workforce restructuring charges totaled $114.6 million.

Results for the fourth quarter of 2011 included special charges affecting operating income of $78.4 million.

Non-GAAP Income attributable to the company for the quarter increased 20.2 percent to $207.3 million from $172.4 million in 2011.

Excluding special items in both years, fourth quarter earnings per share were $0.89 in 2012 compared to $0.72 in the fourth quarter of 2011, a 23.6 percent increase. Analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share for the quarter. Analysts' estimates typically exclude special items.

Net operating revenue for the quarter rose 9.4% to $1.52 billion from $1.39 billion in the prior year quarter. Nine analysts had consensus revenue estimate of $1.49 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet video service Sling TV, on Wednesday said HBO would be available in time for the "Game of Thrones" and "Silicon Valley" season premieres on April 12, but did not specify a launch date. Memory chip maker Micron Technology, Inc. said Wednesday after the markets closed that its second quarter profit rose 28% from last year, helped by higher sales and lower income tax expenses. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales. Apple Watch is expected to post robust sales in the first weekend after its launch on April 24. A craze for Apple Watch may catapult the smartwatch industry into a lucrative market, while a not-so-impressive response for the Apple device may weigh on the industry.
comments powered by Disqus
RELATED NEWS
Trade GCI now with 
Follow RTT