Gannett Co.: 1Q Earnings Snapshot

Gannett Co. (GCI) on Monday reported a loss of $377,000 in its first quarter.

On a per-share basis, the McLean, Virginia-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 13 cents per share.

Continue Reading Below

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The newspaper publisher posted revenue of $723 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $723.9 million.

Gannett Co. expects full-year revenue in the range of $2.93 billion to $3.03 billion.

Gannett Co. shares have decreased 16 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on GCI at