Gannett Co Inc (GCI) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Gannett Co Inc (GCI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.31. The company posted revenue of $748.79 million in the period, compared to analysts expectations of $775.78 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Gannett Co Inc closed down -0.27 points or -2.08% at $12.74 with 17,49,233 shares getting traded on Thursday. Post opening the session at $12.82, the shares hit an intraday low of $12.715 and an intraday high of $13.14 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Investors should note that on Jul 19, 2016, Gannett Co Inc announced a cash dividend of $0.1600. The company’s management has announced Sep 1, 2016 as the ex-dividend date and fixed the record date on Sep 6, 2016. The payable date has been fixed on Sep 19, 2016.

In a different news, on Nov 25, 2015, Robert J. Dickey (President and CEO) sold 18,556 shares at $17.46 per share price. According to the SEC, on Nov 6, 2015, David A. Payne (Chief Product Officer) sold 7,325 shares at $16.95 per share price. On Nov 6, 2015, Barbara W. Wall (SVP and Chief Legal Officer) sold 1 shares at $16.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Gannett Co. Inc. formerly Gannett Spinco Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search social media and Website development among others. The Company offers its services in a range of geographies demographics and content areas. The Company provides consumers with the information and entertainment and connects consumers to their communities through various platforms such as television stations desktop smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes CareerBuilder PointRoll and Shoplocal.

Gannett Co Inc

Leave a Reply

Gannett Co Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Gannett Co Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.