Gannett (GCI) Tops Q4 EPS by 8c

Gannett (NYSE: GCI) reported Q4 EPS of $0.50, $0.08 better than the analyst estimate of $0.42. Revenue for the quarter came in at $867 million versus the consensus estimate of $847.33 million.

Robert J. Dickey, president and chief executive officer, said "We are pleased to end the year on a high note with both revenues and adjusted EBITDA meaningfully improved from the third quarter and exceeding the company's expectations as a result of accelerating digital revenue trends and excellent operational management. 2016 was an important year for Gannett. We acquired and integrated businesses with annual revenues of approximately $800 million, advanced our efforts to drive the company towards a more digital future, and invested in new and promising technologies for advertisers and consumers in key areas such as VR, mobile and video."

For earnings history and earnings-related data on Gannett (GCI) click here.

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