Gannett (GCI) Misses Q2 EPS by 5c

Gannett (NYSE: GCI) reported Q2 EPS of $0.46, $0.05 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $727.1 million versus the consensus estimate of $753 million.

Robert J. Dickey, President and Chief Executive Officer, said "Gannett is laser focused on capturing the demographic led shift from print to digital by leveraging our industry-leading digital capabilities. We also are focused on providing greater value to our advertising customers through the introduction of innovative tools, such as the recently announced Gravity for Mobile, and the appointment of our first Chief Revenue Officer, Kevin Gentzel. Our competitive advantages, coupled with our newly refined content and advertising strategies, consolidation strategy and healthy balance sheet, position us to reverse recent revenue trends over time and deliver value to shareholders."

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

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