Streetbeat News

LEE

Lee Enterprises, Incorporated

Industry

Publishing

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers print and digital editions of daily, weekly, and monthly newspapers and publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management. In addition, the company offers integrated digital publishing and content management solutions for creating, distributing, and monetizing multimedia content for media publications, universities, television stations, and niche publications. Further, it provides commercial printing services; distributes third party publications; and operates a digital marketing agency. The company was founded in 1890 and is based in Davenport, Iowa.

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The article highlights the intraday movements of several communication services stocks on Friday. Notable gainers include Direct Digital Holdings, Surgepays, and Able View Global, while John Wiley & Sons and Hanryu Holdings were among the losers.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 4:31 pm

Lee Enterprises has reaffirmed its 2024 digital revenue guidance of $310M-$330M, representing a 13%-21% year-over-year increase. However, the company has updated its adjusted EBITDA guidance to $73M-$78M, down from the prior $83M-$90M. Digital-only subscribers are expected to grow by 7% year-over-year to 771,000.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:15 am

Lee Enterprises (NASDAQ:LEE) reported a significant decline in its Q3 earnings, with a loss of $(0.73) per share compared to a profit of $0.25 per share in the same period last year. Sales also decreased by 12.10% to $150.58 million from $171.31 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:12 am

Lee Enterprises reaffirms its 2024 fiscal year outlook, projecting total digital revenue between $310M-$330M, representing a 13%-21% year-over-year increase. The company also expects digital-only subscribers to reach 771,000, a 7% increase from the previous year, and adjusted EBITDA to be in the range of $83M-$90M, indicating a -3% to +6% change year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:26 am

Lee Enterprises (NASDAQ:LEE) reported Q2 2024 GAAP EPS of $(2.06), significantly missing the $(0.22) estimate, with sales of $146.550M also missing the $157.400M estimate. This represents a substantial decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:07 am

GAMCO Asset Management Inc. has reported a 2.76% stake in Lee Enterprises as of April 15, 2024, according to a 13D filing cited by Reuters from an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:26 pm

In Tuesday's pre-market session, several communication services stocks showed notable movements. Reddit (RDDT) led the gainers with an 11.5% increase, while Cardlytics (CDLX) experienced the largest drop among the losers, declining by 16.1%. Other notable movers included NextPlat (NXPL), Advantage Solutions (ADV), and BuzzFeed (BZFD), with significant changes in their stock prices.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:06 pm

Insiders at Lee Enterprises, Heritage Global, and Issuer Direct have recently made significant stock purchases, indicating confidence in their companies' prospects. Lee Enterprises saw a 10% owner acquire shares at an average price of $12.92, Heritage Global's CEO bought shares at $2.75 each, and an Issuer Direct director purchased shares at $11.91 each. These insider trades suggest potential growth or undervaluation of these stocks.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 1:15 pm

Insiders have made notable purchases in shares of KalVista Pharmaceuticals, Post Holdings, Lee Enterprises, and Monro, indicating their confidence in these companies. KalVista Pharmaceuticals saw a significant purchase by 10% owner Nimish P Shah, while Post Holdings, Lee Enterprises, and Monro also experienced insider buying by directors and the CEO, respectively. These actions may signal a bullish outlook for these stocks.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:35 pm

Lee Enterprises reported a significant increase in its digital-only subscribers, totaling 735,000, marking a 30% year-over-year growth. Additionally, the company's revenue saw a 60% increase year-over-year in Q1 FY24.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:06 pm

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