Net profit of U.S. media company Gannett in I quarter fell by 11%
April 19, 2007 – 5:53 pmThe American media company Gannett Co. Inc. (GCI) published on Thursday 19 April report on its financial performance in I quarter. Reported net quarterly profits of the company fell by 11% to $210.6 million, or $0.90, converted to one share. For comparison, during the same period of 2006, Gannett’s net profit amounted to $235.3 million, or $0.99 per share. Quarterly revenue the company declined to $1.88 billion to $1.87 billion Wall Street analysts had expected that Gannett would receive quarterly profit of $0.89 per share, with revenue of $1.88 billion
