Investors shrugged off Gannett's slight miss in first-quarter revenue, boosting GCI's stock this afternoon to a close of $15.39, up 59 cents, or 4%. That's according to Google Finance's preliminary data.
Stock markets overall were down sharply. Both the Dow Jones Industrial Average and the S&P 500 Index closed about 1% lower.
Corporate said in its earnings report that company-wide revenue fell 3.7%, to $1.25 billion; analysts had forecast $1.26 billion. However, earnings per share of 41 cents was right on target, after allowing for special charges that included layoff-related costs.
Stock markets overall were down sharply. Both the Dow Jones Industrial Average and the S&P 500 Index closed about 1% lower.
Corporate said in its earnings report that company-wide revenue fell 3.7%, to $1.25 billion; analysts had forecast $1.26 billion. However, earnings per share of 41 cents was right on target, after allowing for special charges that included layoff-related costs.
A screaming buy. The branding campaign is working. Take that, whiners.
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