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Gannett Announces Earnings
Monday, October 15, 2:25 PM ET

Gannett (NYSE:GCI) announced better-than-expected revenue and higher profit due to strong television advertising revenue from the Olympics and the presidential election, as well as online subscription revenue. Third-quarter revenue increased by 3.4 percent to $1.31 billion, while analysts expected revenue of $1.29 billion. Net income was higher by $133.1 million, or 56 cents per share, from $99.8 million, or 41 cents per share in the same quarter last year. Analysts expected earnings of 53 cents per share.

Shares are lower by about 1.4 percent.

For MarketNewsVideo.com, I'm Kristin Bianco.

Gannett Announces Earnings picture
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Gannett Announces Earnings | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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