McClatchy Company (MNI) Reports Q3 EPS of $0.90, Revenues Miss
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McClatchy Reports Third Quarter 2018 Results
November 9, 2018 9:00 AM ESTSACRAMENTO, Calif., Nov. 9, 2018 /PRNewswire/ --Â McClatchy (NYSE American-MNI) reported net income in the third quarter of 2018 of $7.0 million, or $0.90 per share. Results in the third quarter 2018 include after-tax non-cash impairments on newspaper mastheads of $12.7 million. In the third quarter of 2017 McClatchy reported a net loss of $260.5 million, or $34.11 per share that included after-tax non-cash charges of $230.9 million recorded in the third quarter of 2017. The 2017 non-cash charges related almost solely to a non-cash deferred tax valuation allowance and, to a minor extent, after-tax non-cash impairments on newspaper mastheads and certain equity investments.
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