Mcclatchy Company (MNI) Misses Q4 EPS by 2c

Mcclatchy Company (NYSE: MNI) reported Q4 EPS of $0.10, $0.02 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $292.8 million versus the consensus estimate of $286 million.

The company said: "Our product enhancements and audience growth initiatives are evident not only through the increase in digital subscriptions but also growth in unique visitor counts. During the fourth quarter, we saw a record number of total unique and local unique visitors to the company's online products, approximately 52.7 million and 13.2 million, respectively. This represented growth of 16.8% in total unique visitors and 7.1% in local unique visitors in the fourth quarter of 2015, compared to the fourth quarter of 2014. Mobile users represented 56.6% of total monthly unique visitors in the quarter, an improvement from 50.0% in the fourth quarter of 2014."

For earnings history and earnings-related data on Mcclatchy Company (MNI) click here.

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