Lee Enterprises posts profit of $1.9 million in 3rd quarter

MarketsAssociated Press

Lee Enterprises Inc. (LEE) on Thursday reported fiscal third-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.

The Davenport, Iowa-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 9 cents per share.

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The newspaper publisher posted revenue of $157.5 million in the period.

The company's shares closed at $3.05. A year ago, they were trading at $3.78.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEE at http://www.zacks.com/ap/LEE

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Keywords: Lee Enterprises, Earnings Report

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This story has been corrected to show that earnings, adjusted for non-recurring costs, were 9 cents per share, not 8 cents per share.