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.

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.

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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