Gannett Co. Q1 Profit Tops View - Quick Facts

(RTTNews) - Gannett Co. Inc. (GCI) reported first-quarter net income attributable to the company of $112.9 million or $0.49 per share, compared to $59.2 million or $0.25 per share, prior year.

Adjusted earnings per share increased 4.3% to $0.49 from $0.47 in the comparable quarter last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Net operating revenues increased to $1.47 billion from $1.40 billion last year, while eight analysts expected revenue of $1.52 billion for the quarter.