McClatchy Co (MNI) Releases Earnings Results, Misses Expectations By $-1.39 EPS

McClatchy Co (MNI) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $-1.89 earnings per share for the quarter, missing the analyst consensus estimate by $-1.39. Analysts had a consensus of $-0.50. The company posted revenue of $242.20 million in the period, compared to analysts expectations of $243.10 million. The company’s revenue was down -7.7% compared to the same quarter last year.

McClatchy Co closed down -0.16 points or -0.94% at $16.82 with 56,195 shares getting traded on Wednesday. Post opening the session at $16.94, the shares hit an intraday low of $16.67 and an intraday high of $17.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 5, 2015, Christian Hendricks (VP, Interactive Media) sold 25,000 shares at $1.51 per share price. According to the SEC, on Nov 4, 2015, Mark Zieman (Vice President – Operations) sold 29,000 shares at $1.39 per share price. On Mar 3, 2015, Elaine Lintecum (VP Finance and CFO) sold 9,112 shares at $4.63 per share price, according to the Form-4 filing with the securities and exchange commission.

The McClatchy Company is a news and information publisher. The Company’s primary business is the publication of newspapers and related digital and direct marketing products. The Company operates media companies providing news and advertising services in an array of digital and print formats. The Company’s operations include approximately 29 local media businesses that consist of daily newspapers websites and mobile apps mobile news and advertising niche publications direct marketing direct mail services and nearby community newspapers. The Company owns newspapers that include The Miami Herald The Kansas City Star The Sacramento Bee The Charlotte Observer The (Raleigh) News and Observer the (Fort Worth) Star-Telegram among others.

McClatchy Co

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