Gannett (GCI) Reports In-Line Q2 EPS

Gannett (NYSE: GCI) reported Q2 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $774.5 million versus the consensus estimate of $794.33 million.

The company maintains its prior revenue guidance for 2017 of $3.15 billion to $3.22 billion. Adjusted EBITDA guidance for the full year 2017 is now expected in the range of $360 million to $365 million compared to its prior guidance of $355 million to $365 million.

Additionally, for the full year 2017, the company expects the following:

• Capital expenditures of approximately $65 to $70 million, not including real estate projects;
• Depreciation and amortization of approximately $150 to $155 million, not including accelerated depreciation; and
• An effective tax rate of 30% to 32%.

For earnings history and earnings-related data on Gannett (GCI) click here.

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