Gannett Co. Bottom Line Falls 85% In Q3

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

The company said its profit fell to $7.32 million, or $0.06 per share. This was down from $50.33 million, or $0.43 per share, in last year's third quarter.

The company said revenue for the quarter rose 10.1% to $772.32 million. This was up from $701.24 million last year.

Gannett Co. earnings at a glance:

-Earnings (Q3): $7.32 Mln. vs. $50.33 Mln. last year. -Earnings Decline (Y-o-Y): -85.5% -EPS (Q3): $0.06 vs. $0.43 last year. -EPS Decline (Y-o-Y): -86.0% -Revenue (Q3): $772.32 Mln vs. $701.24 Mln last year. -Revenue Change (Y-o-Y): 10.1%