logo
Share SHARE
FONT-SIZE Plus   Neg

Gannett Q4 Results Top Estimates - Quick Facts

Gannett Co., Inc. (GCI) 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

Quick Facts

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade GCI now with 
Follow RTT