Gannett Earnings: First Annual Increase in Company-Wide Revenue Since 2006
…Our strategy is gaining momentum, our investments are bearing fruit and we are achieving the results we expected. We enter 2013 with our businesses performing well and poised for even greater success going forward. We remain confident we are well positioned to achieve our goals and to continue delivering on our promise to return increased value to shareholders,” Martore said.
Revenue increased 16.1% from $1.31 billion in the previous quarter. Net income decreased 22.6% from $133.08 million in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.38 and has not changed. For the current year, the average estimate has moved up from a profit of $2.26 to a profit of $2.33 over the last ninety days.
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(Company fundamentals provided by Xignite Financials.)