Investing.com - Gannett reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Gannett announced earnings per share of $-0.390 on revenue of $717.9M. Analysts polled by Investing.com anticipated EPS of $-0.040 on revenue of $789.1M.
Gannett shares are down 39.61% from the beginning of the year, still down 76.80% from its 52 week high of $6.38 set on February 16.
Gannett shares lost 3.38% in pre-market trade following the report.
Gannett follows other major Communication Services sector earnings this month
Gannett's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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