ADVFN - Advanced Financial Network.
HOME» NYSE » G » GCI Stock Price » GCI Stock News

Gannett Share News

 Gannett Co Stock Price
GCI Stock Price
 Gannett Co Stock Chart
GCI Stock Chart
 Gannett Co Stock News
GCI Stock News
 Gannett Co Company Information
GCI Company Information
 Gannett Co Stock Trades
GCI Stock Trades

Gannett 4Q Profit Jumps 30% Amid Fewer Charges, Lower Costs

DOW JONES NEWSWIRES Gannett Inc.'s (GCI) fourth-quarter profit jumped 30% as revenue held up and the bottom line benefited from fewer charges and lower costs. The publisher of a host of newspapers, including USA Today, continued to benefit from cost cuts and revenue growth at its broadcast and digital operations. But most newspaper publishers continue to suffer as their audiences and advertisers migrate to the Internet and continued job-market woes weigh on consumers. To be sure, declines in print advertising have largely moderated from the year-over-year drops reported early last year. In the latest quarter, publishing advertising revenue slid 5.9% while circulation revenue dropped 4.1%. But the broadcasting segment saw revenue jump 27% while the digital business posted a 5.2% gain. Companywide, Gannett reported a profit of $174.1 million, or 72 cents a share, up from $133.6 million, or 56 cents, a year earlier. Excluding items such as facility consolidation and writedowns, earnings rose to 83 cents from 70 cents. Last month, Gannett said it expected to report earnings at the high end of the 72-cent to 82-cent range predicted by analysts. Revenue edged up 0.4% to $1.46 billion. Analysts were expecting $1.47 billion, according to a Thomson Reuters poll. Gross margin widened to 48.3% from 46.2%. Operating costs dropped 4.2%. Shares closed Friday at $15.19 and were inactive premarket. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Gannett (GCI)
11/25/201517:31:22Statement of Changes in Beneficial Ownership (4)
11/20/201518:40:00U.S. Seeks More Data Over Gannett's Journal Media Acquisition
11/20/201517:10:00Gannett and Journal Media Group Receive Second Requests from...
11/18/201514:19:00Des Moines Register & Gannett Product Win First Ever, ‘Best U...
11/12/201516:00:00USA TODAY Sports Media Group and Global Poker Index Announce...
11/07/201509:00:023 Stocks to Watch in Newspapers
11/06/201518:18:49Statement of Changes in Beneficial Ownership (4)
11/06/201518:17:28Statement of Changes in Beneficial Ownership (4)
11/06/201514:20:04Quarterly Report (10-q)
11/04/201518:44:09Statement of Changes in Beneficial Ownership (4)
11/04/201517:39:24Statement of Changes in Beneficial Ownership (4)
10/29/201516:18:31Statement of Changes in Beneficial Ownership (4)
10/29/201510:20:00Gannett's Revenue Slides on Advertising, Circulation Declines
10/29/201509:39:44Current Report Filing (8-k)
10/29/201508:10:00Gannett Reports Third Quarter 2015 Results of Operations
10/28/201516:30:00Gannett Declares Regular Quarterly Dividend
10/20/201509:14:00Tens of Thousands of Americans Unite in Volunteerism This Weekend
10/20/201508:55:00Gannett to Webcast Discussion of its Third Quarter 2015 Results
10/19/201509:05:00Gannett Sites Reach More Than 100 Million Unique Visitors in...
10/14/201518:30:00JOURNAL MEDIA GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long...

Gannett and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations