Gannett Co: Q1 Earnings Insights

Gannett Co GCI reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Gannett Co beat estimated earnings by 166.67%, reporting an EPS of $0.04 versus an estimate of $-0.06.

Revenue was down $79.16 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 4.7% drop in the share price the next day.

Here's a look at Gannett Co's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.16 -0.14 0.03 -0.07
EPS Actual 0.22 0.35 -0.20 0.03
Revenue Estimate 744.50M 745.50M 788.10M 754.90M
Revenue Actual 730.70M 717.90M 748.66M 748.08M

To track all earnings releases for Gannett Co visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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