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Gannett: 4Q Earnings Snapshot

Associated Press
Updated ·1-min read

NEW YORK (AP) _ Gannett Co., Inc. (GCI) on Thursday reported a fourth-quarter loss of $95.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of $1.05. Earnings, adjusted for restructuring costs and asset impairment costs, were $1.10 per share.

The newspaper company posted revenue of $699.3 million in the period.

For the year, the company reported a loss of $119.8 million, or $1.77 per share, swinging to a loss in the period. Revenue was reported as $1.87 billion.

The company's shares closed at $4.89. A year ago, they were trading at $13.65.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GCI at https://www.zacks.com/ap/GCI