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Gannett Co. Q3 adjusted earnings Beat Estimates

(RTTNews) - Gannett Co. (GCI) reported earnings for third quarter that declined from last year.

The company's bottom line came in at $13.35 million, or $0.11 per share. This compares with $23.04 million, or $0.20 per share, in last year's third quarter.

Excluding items, Gannett Co. reported adjusted earnings of $23.33 million or $0.20 per share for the period.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.4% to $711.71 million from $744.27 million last year.

Gannett Co. earnings at a glance:

-Earnings (Q3): $23.33 Mln. vs. $18.39 Mln. last year.
-EPS (Q3): $0.20 vs. $0.16 last year.
-Analysts Estimate: $0.19
-Revenue (Q3): $711.71 Mln vs. $744.27 Mln last year.

-Guidance:
Full year revenue guidance: $2.90-2.94 Bln
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