Gannett Co Inc (GCI, Financial) experienced a significant stock price increase of 5.05%, trading at $5.20 per share. The trading volume reached 268,769 shares with a turnover rate of 0.18% and a price fluctuation of 3.03%.
Recent financial reports show Gannett's revenue at $612 million, with a net loss of $19.65 million, translating to an earnings per share of -$0.14. The company has a gross profit of $196 million and a price-to-earnings ratio of -6.49.
Regarding analyst ratings, among the four institutions covering the stock, 50% recommend buying, 25% suggest holding, and 25% advise selling. Within the publishing industry, where Gannett operates, the overall increase was 0.42%. Notable gainers in the sector include Tnl Mediagene and Scholastic Corporation, while The New York Times and John Wiley & Sons were actively traded.
Gannett is a digital newspaper company in the U.S., offering local media and marketing solutions. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The Domestic Gannett Media division is the primary revenue source, featuring brands like USA TODAY and over 250 daily newspapers. The company also runs more than 350 events annually and has a presence in the UK through Newsquest, offering over 150 local media brands.
