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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.