Gannett Co.: 3Q Earnings Snapshot
MCLEAN, Va. (AP) _ Gannett Co. (GCI) on Thursday reported third-quarter net income of $13.4 million.
The McLean, Virginia-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, were 20 cents per share.
The newspaper publisher posted revenue of $711.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $724.4 million.
Gannett Co. expects full-year revenue in the range of $2.9 billion to $2.94 billion.
Gannett Co. shares have decreased 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent.