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; matthew.jarzemsky@dowjones.com

Stock News for Gannett (GCI)
DateTimeHeadline
03/24/201709:21:45Additional Proxy Soliciting Materials (definitive) (defa14a)
03/24/201709:13:27Proxy Statement (definitive) (def 14a)
03/23/201712:28:20ReachLocal Attains LSA Certification for its Proven and Trusted...
03/07/201707:00:00Gannett Announces 2017 Full-Year Guidance
02/24/201717:17:29Statement of Changes in Beneficial Ownership (4)
02/24/201717:14:11Statement of Changes in Beneficial Ownership (4)
02/24/201717:11:25Statement of Changes in Beneficial Ownership (4)
02/24/201717:08:52Statement of Changes in Beneficial Ownership (4)
02/24/201717:06:00USA TODAY NETWORK Launches Community Impact Award Presented by...
02/24/201717:05:31Statement of Changes in Beneficial Ownership (4)
02/24/201716:56:05Current Report Filing (8-k)
02/23/201709:00:00Parade Magazine Announces New Newspaper Distribution Partnership...
02/22/201717:22:01Annual Report (10-k)
02/22/201716:30:00USA TODAY NETWORK Initiates ReachLocal Roll-out Across All Local...
02/22/201716:15:00Gannett declares regular quarterly dividend
02/14/201713:40:50Amended Statement of Ownership (sc 13g/a)
02/13/201717:19:10Amended Statement of Ownership (sc 13g/a)
02/13/201708:49:39Amended Statement of Ownership (sc 13g/a)
02/10/201712:43:00Gannett Announces Annual Meeting Date
02/09/201709:07:48Current Report Filing (8-k)

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US