McClatchy Reports Q4 EPS of $.39 vs. $.35

The McClatchy Company MNI today reported net income from continuing operations in the fourth quarter of 2010 of $15.8 million or 18 cents per share compared to income of $32.4 million or 38 cents per share in the 2009 quarter. Adjusted earnings from continuing operations(1) were $33.6 million or 39 cents per share in the fourth quarter of 2010 after excluding the unusual items discussed below, compared to $49.6 million or 59 cents per share reported in the fourth quarter of 2009. Total net income including discontinued operations was $14.9 million or 17 cents per share in the fourth quarter of 2010 compared to net income of $25.8 million or 30 cents per share in the 2009 fourth quarter.