Mcclatchy Company (MNI) Tops Q2 EPS by 3c
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McClatchy Reports Preliminary Second Quarter 2015 Results
July 24, 2015 9:00 AM EDTSACRAMENTO, Calif., July 24, 2015 /PRNewswire/ --Â The McClatchy Company (NYSE-MNI) today reported preliminary earnings from continuing operations in the second quarter of 2015 of $0.1 million, or $0.00 per share. Preliminary earnings do not include an anticipated non-cash charge to GAAP earnings for impairment of goodwill and long-lived assets discussed below.
In connection with the company's management reorganization actions and the recent decline in its stock price, management noted that it is in the process of performing impairment testing of goodwill and other long-lived assets as of June 28, 2015. Upon completion of that testing, the company expects to... More
