Gannett Co Q2 2024 GAAP EPS $0.09 Beats $(0.11) Estimate, Sales $639.800M Miss $645.023M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gannett Co (NYSE:GCI) reported Q2 2024 GAAP EPS of $0.09, beating the analyst estimate of $(0.11) by 181.82%. However, sales of $639.8M missed the $645.023M estimate by 0.81%, and decreased by 4.84% compared to the same period last year.
August 01, 2024 | 11:02 am
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Gannett Co (NYSE:GCI) reported Q2 2024 GAAP EPS of $0.09, significantly beating the analyst estimate of $(0.11). However, sales of $639.8M missed the $645.023M estimate and decreased by 4.84% YoY.
The significant EPS beat is a positive indicator, but the sales miss and YoY decline in revenue present concerns. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100