UPDATE: Gannett Q3 Profit Surges 33%
Gannett Co (NYSE: GCI) reported a 33% rise in its third-quarter profit.
Gannett's quarterly profit surged to $133.1 million, or $0.56 per share, versus $99.79 million, or $0.41 per share, in the year-earlier period. Its adjusted profit came in at $0.56 per share.
Its revenue climbed 3.4% to $1.31 billion. However, analysts were expecting earnings of $0.53 per share on revenue of $1.29 billion.
Gannett shares closed at $17.90 on Friday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.