Gannett Q2 Profit Down - Quick Facts

(RTTNews) - Gannett Co., Inc. (GCI) reported that its second-quarter net income attributable to the company declined to $113.62 million or $0.48 per share, from $119.89 million or $0.51 per share in the same quarter last year.

Second quarter earnings per share excluding special items were $0.58 compared to $0.56 for the same quarter in 2012, almost 4 percent higher. Results were driven by higher circulation revenue reflecting the impact of the all access content subscription model as well as revenue increases in the Broadcasting and Digital segments. Analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Net operating revenues for the quarter was $1.30 billion compared to $1.31 billion in the prior year quarter. Six analysts had consensus revenue estimate of $1.33 billion for the quarter.