Gannett Co Q1 Sales $635.761M Beat $625.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gannett Co (NYSE:GCI) reported Q1 sales of $635.761M, surpassing the analyst consensus estimate of $625.300M by 1.67%. However, this represents a 4.96% decrease from the previous year's sales of $668.917M.
May 02, 2024 | 11:01 am
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Gannett Co reported Q1 sales of $635.761M, exceeding estimates but showing a year-over-year decline.
While Gannett Co's Q1 sales exceeded analyst expectations, indicating potential positive sentiment in the short term, the year-over-year decline in sales could temper investor enthusiasm. The mixed results suggest a neutral short-term impact on GCI's stock price, as the beat might offset concerns about the sales decrease.
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