Washington Post Earnings: Investors Love This Report
S&P 500 (NYSE:SPY) component Washington Post Co. (NYSE:WPO) reversed to a profit in the third quarter, beating Wall Street estimates. The Washington Post operates as a diversified education and media company.
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Washington Post Co. Earnings Cheat Sheet
Results: Reported a profit of $93.8 million ($12.64 per diluted share) in the quarter. Washington Post Co. had a net loss of $6.2 million or a loss 82 cents per share in the year-earlier quarter.
Revenue: Remained constant at $1.01 billion.
Actual vs. Wall St. Expectations: Washington Post Co. beat the mean analyst estimate of $1.31 per share. Analysts were expecting revenue of $993.3 million.
For the fiscal year, the average estimate has moved down from $17.93 a share to $12.29 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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