McClatchy Company (MNI) Misses Q1 EPS by 1c
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McClatchy Reports First Quarter 2016 Results
April 20, 2016 9:01 AM EDTSACRAMENTO, Calif., April 20, 2016 /PRNewswire/ -- McClatchy (NYSE: MNI) today reported a net loss in the first quarter of 2016 excluding certain items (adjusted loss), of $7.9 million, a 9.8% improvement when compared to an adjusted loss in the first quarter of 2015 of $8.7 million.
On a GAAP basis, the company reported a net loss in the first quarter of 2016 of $12.7 million, or $0.16 per share. In the first quarter of 2015, the company reported a net loss of $11.3 million, or $0.13 per share.    Â
Pat Talamantes, McClatchy's president and CEO, said, "We entered 2016 optimistic that our... More
