- GCI reported earnings of 66 cents per share, down from 89 cents per share in the Q4 of last year. Analysts expected to see EPS of 65 cents.
- Revenue was $1.37 billion, matching analysts' estimate of $1.37 billion.
- The company said that revenue increased during the quarter, primarily due to higher sales in its Digital and Broadcasting Segments.
Gracia Martore, president and CEO commented: "Our strong fourth quarter results cap off a highly productive, transformative year for Gannett. From our game-changing acquisition of Belo and the progress of G/O Digital, our digital marketing services business, to the ongoing enhancements we're making to our All Access Content Subscription Model, we have fundamentally changed the composition of our company and the way in which we interact with consumers and businesses in our communities. This enables us to strongly compete across a wide spectrum in today's digital media landscape. In addition, we are delighted that during the quarter, USA TODAY regained its position as the number one newspaper in total daily circulation in the nation, reflecting changing media consumption and increased engagement with our digital platforms."GCI's Dividend GCI paid its last dividend of 20 cents per share on January 2. The company is expected to declare its next dividend at the end of February. Stock Performance Gannett shares were mostly flat during pre-market trading Tuesday. The stock is down 10% YTD.