Gannett Posts Higher Revenue, Lower Net in Q4

Gannett's Q4 and 2012 results, released today, revealed a smaller profit but higher revenue. For the quarter, the company netted a profit of $103 million ($0.44 per diluted share), against $200 million ($0.86) in Q4 2011.

However, revenue grew over that same time frame, by 9% to $1.5 billion. This was the first year-over-year growth in top line since 2006.

Much of the improvement was derived from the company's broadcasting operations, which advanced 44% on a year-over-year basis, in large part because of a record level of spending on political ads during the quarter.


For fiscal 2012, net profit amounted to $424 million ($1.79 diluted EPS), a 7.5% drop from the $459 million ($1.89) of the previous year. Revenues were slightly higher at $5.4 billion.

The article Gannett Posts Higher Revenue, Lower Net in Q4 originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Gannett. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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