Gannett Beats Q3 EPS and Revenue Estimates (GCI)

Mon. October 19, 2009; Posted: 08:53 AM

Oct 19, 2009 (SmarTrend(R) News Watch via COMTEX) -- GCI | Quote | Chart | News | PowerRating -- 10/19/2009 - Gannett (NYSE:GCI) reported Q3 EPS of $0.44, ex-items, beating consensus analyst estimates of $0.41. Revenues for the quarter declined 18.4% year-over-year to $1.34 billion, coming out ahead of consensus analyst estimates of $1.33 billion.

Chairman, president and CEO Craig Dubow said, aEURoeWe finished the quarter on a stronger note with better than anticipated results due primarily to better trends in advertising and greater efficiencies across all of our business segments. Our results for the quarter exceeded the high end of previously announced estimate ranges for revenue, operating cash flow, and earnings per share. Although recessions in the U.S. and UK continued to temper ad demand and revenue growth during the quarter, we are encouraged by the revenue trends."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Gannett Co Inc (GCI) click here. Gannett Co Inc (GCI) has Short Term PowerRatings of 6. Details on Gannett Co Inc (GCI) Short Term PowerRatings is available at This Link.

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