Gannett Co. Q3 Loss Increases, Misses Estimates

(RTTNews) - Gannett Co. (GCI) released Loss for its third quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line came in at -$19.65 million, or -$0.14 per share. This compares with -$2.57 million, or -$0.02 per share, in last year's third quarter.

Analysts on average had expected the company to earn -$0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.2% to $612.44 million from $652.87 million last year.

Gannett Co. earnings at a glance (GAAP) :

-Earnings (Q3): -$19.65 Mln. vs. -$2.57 Mln. last year. -EPS (Q3): -$0.14 vs. -$0.02 last year. -Revenue (Q3): $612.44 Mln vs. $652.87 Mln last year.