McClatchy Company (MNI) Reports Q1 EPS Loss of $5.43, Revenues Miss
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McClatchy Reports First Quarter 2019 Results
May 9, 2019 9:01 AM EDTSACRAMENTO, Calif., May 9, 2019 /PRNewswire/ -- McClatchy (NYSE American-MNI) today reported a net loss in the first quarter of 2019 of $42.0 million, or $5.34 per share. In the first quarter of 2018, McClatchy reported net loss of $38.9 million, or $5.04 per share.
The trend in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) excluding the impact of real estate gains recorded in the first quarter of 2018, improved sequentially to down 5.7% from the down 8.2% rate in the fourth quarter of 2018 and was the company's best performance in this key metric in three years. Adjusted EBITDA was $16.4 million in the first... More
