Graham Holdings (GHC) Swings to Q1 Profit

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Go back to Graham Holdings (GHC) Swings to Q1 Profit

Graham Holdings Company Reports First Quarter Earnings

May 4, 2016 8:30 AM EDT

ARLINGTON, Va.--(BUSINESS WIRE)-- Graham Holdings Company (NYSE: GHC) today reported income from continuing operations attributable to common shares of $37.8 million ($6.59 per share) for the first quarter of 2016, compared to a loss of $2.7 million ($0.58 per share) for the first quarter of 2015. Net income attributable to common shares was $20.6 million ($3.48 per share) for the first quarter of 2015, including $23.3 million ($4.06 per share) in income from discontinued operations. (Refer to Discontinued Operations discussion below.)

The results for the first quarter of 2016 and 2015 were affected by a number of items as described in the following paragraphs. Excluding... More