Gannett Co Inc (GCI) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.17. The company posted revenue of $659.40 million in the period, compared to analysts expectations of $672.40 million. The company’s revenue was down -55.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Gannett Co Inc opened for trading at $15.5 and hit $15.835 on the upside on Friday, eventually ending the session at $15.77, with a gain of 1.81% or 0.28 points. The heightened volatility saw the trading volume jump to 15,89,414 shares. Company has a market cap of $1,831 M.
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 Cars.com CareerBuilder PointRoll and Shoplocal.