Graham Holdings Company (GHC) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $23.89 million, or $5.45 per share. This compares with $124.38 million, or $27.72 per share, last year.
Excluding items, Graham Holdings Company reported adjusted earnings of $51.01 million or $11.64 per share for the period.
Analysts on average had expected the company to earn $10.8 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.1% to $1.165 billion from $1.152 billion last year.
Graham Holdings Company earnings at a glance (GAAP) :
-Earnings: $23.89 Mln. vs. $124.38 Mln. last year.
-EPS: $5.45 vs. $27.72 last year.
-Revenue: $1.165 Bln vs. $1.152 Bln last year.
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