Newspaper publisher and media company Gannett (NYSE:GCI) posted fourth quarter earnings today that beat analyst expectations.
Profits rose 30%, to $174.1 million, or $0.71 per share, compared to $113.6 million, or $0.56 per share, in the same quarter of 2009.
Revenue was unchanged compared to last year’s fourth quarter, at $1.46 billion.
Adjusted earnings of $0.83 per share were ahead of Wall Street estimates, while revenue was just shy.
Also today, Illinois Tool Works (NYSE:ITW) posted fourth quarter earnings that fell to $392.8 million, or $0.79 per share, compared to $507.4 million, or $1.01 per share, in the same quarter last year.
Revenue rose 11%, to $4.17 billion.
Results fell slightly short of analyst expectations, although the company’s expectation of $0.81 to $0.87 per share earnings in the first quarter is ahead of analyst forecasts.
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