Gannett Reports Second Quarter 2016 Results of Operations
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Jefferies Cuts Price Target on Gannett (GCI) to $14 Following 2Q Report
July 28, 2016 9:46 AM EDTJefferies reiterated a Hold rating on Gannett (NYSE: GCI), and cut the price target to $14.00 (from $15.00), following the company's 2Q earnings report. GCI reported advertising down 10%, sequentially similar to 1Q despite slightly easier comps. GCI's updated guidance of +7-9% revenue growth in... More
Gannett (GCI) Misses Q2 EPS by 3c
July 27, 2016 8:50 AM EDTGannett (NYSE: GCI) reported Q2 EPS of $0.30, $0.03 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $748.8 million versus the consensus estimate of $768.47 million.
Outlook
Given the continued successful implementation of the company's acquisition strategy, the company has revised its annual guidance... More
