McClatchy Company (MNI) Posts Q4 EPS of $0.40
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McClatchy Reports Fourth Quarter 2016 Results
February 9, 2017 9:00 AM ESTSACRAMENTO, Calif., Feb. 9, 2017 /PRNewswire/ -- McClatchy (NYSE-MNI) today reported net income in the fourth quarter of 2016 of $3.1 million, or $0.40 per share, compared to net income of $8.8 million, or $1.04 per share in the fourth quarter of 2015. Per share amounts reflect the company's 1 for 10 reverse stock split that became effective in June 2016. The fourth quarter and full year results were not impacted by the results from The Herald-Sun (Durham, NC), which was purchased on Dec. 25, 2016, the last day of McClatchy's fiscal year. Â
The company reported adjusted net income, which excludes severance and certain other items, in... More
