Gannett Announces Fourth Quarter and Full Year 2019 Results
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Gannett (GCI) Misses Q4 EPS by 78c, Revenues Beat
February 27, 2020 6:49 AM ESTGannett (NYSE: GCI) reported Q4 EPS of ($1.05), $0.78 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $699.27 million versus the consensus estimate of $409.5 million.
"We are pleased to announce our first earnings report since completing our acquisition of Legacy Gannett in November," said Michael Reed, Gannett Chairman and Chief Executive Officer. "Although we acquired Legacy Gannett only six weeks before the end of the quarter, we immediately began implementing our integration plan. By the end of the first quarter of 2020, we expect to have implemented measures that will result... More
