Gannett Co. Q3 Earnings Drop 11%

(RTTNews) - Gannett Co. (GCI) released a profit for third quarter that decreased compared to the same period last year.

The company said its profit came in at $50.33 million, or $0.43 per share. This was down from $56.83 million, or $0.49 per share, in last year's third quarter.

The company said revenue for the quarter fell 8.6% to $701.24 million. This was down from $767.29 million last year.

Gannett Co. earnings at a glance:

-Earnings (Q3): $50.33 Mln. vs. $56.83 Mln. last year. -Earnings Decline (Y-o-Y): -11.4% -EPS (Q3): $0.43 vs. $0.49 last year. -EPS Decline (Y-o-Y): -12.2% -Revenue (Q3): $701.24 Mln vs. $767.29 Mln last year. -Revenue Change (Y-o-Y): -8.6%