Gannett Co., Inc. (NYSE:GCI) Q1 Results Dive 25%- GCI, KFT, GT, JNJ, AXP, CVS, KO

Gannett Co., Inc. (NYSE:GCI) reported a 25% fall in Q1 net income on Monday, as advertising in its newspapers continued to refuse.

The media firm, which holds 82 US newspapers involved USA Today, twenty three broadcast television stations and several digital media properties, earned $68.2 million, or 28 cents a share, in the three months that ended Mar. 25.

That’s downward from earnings of $90.5 million, or 37 cents a share, in the similar period previous year.

Revenue cut down 2.6% to $1.22 billion from $1.25 billion previous year. Analysts were expectant revenue of $1.24 billion, according to a poll by FactSet.

Turning towards the sector Kraft Foods Inc (NYSE:KFT) gained +0.62%, The Goodyear Tire & Rubber Company (NYSE:GT) fell -1.70%, Johnson & Johnson (NYSE:JNJ) grew +0.69%, American Express Company (NYSE:AXP) edged up +0.96%, CVS Caremark Corporation (NYSE:CVS) which also increased +0.41% and The Coca-Cola Company (NYSE:KO) moved up +0.70%.

Gannett Co., Inc. (NYSE:GCI) after opening at $15.00 hit high price of $15.00 and then closed at $13.89 by plunging -7.65% and on last session volume of 8.72 million shares was surprisingly higher than its average volume of 3.38 million shares.

The stock price volatility was 4.48% for a week and 2.86% for a month as well as price volatility’s Average True Range for 14 days was 0.46 and its beta remained 2.46.

The liquidity measure in recent quarter results of the company was recorded 1.19 as current ratio and on the other side the debt to equity ratio was 0.76 and long-term debt to equity ratio also remained 0.76. The Company had total cash at hand $166.93 million and a book value per share as $9.82 in the most recent quarter.

GCI generated revenue of 5.24 billion in the following twelve months and earned $458.75 million. The Company showed a positive 9.54% in the net profit margin and as well as in its operating margin which remained 15.89%. Company’s annual sales growth for the past five year was -7.39%.

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