Gannett Co Q3 2024 GAAP EPS $(0.14) Misses $(0.09) Estimate, Sales $612.439M Miss $635.206M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gannett Co reported a Q3 2024 GAAP EPS of $(0.14), missing the $(0.09) estimate, and sales of $612.439M, missing the $635.206M estimate. This represents a 6.19% decrease in sales compared to the same period last year.
October 31, 2024 | 11:00 am
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NEGATIVE IMPACT
Gannett Co's Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, with a 6.19% year-over-year sales decline.
Gannett Co's Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. The EPS miss was by 55.56%, and sales missed by 3.58%, indicating weaker than expected financial performance. Additionally, the 6.19% year-over-year sales decline further highlights the company's challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100