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Why Shares of Gannett Are Falling Today


Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
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What happened
Shares of 
Gannett (NYSE: GCI), America s largest newspaper publisher, traded more than 13% lower as of 10:53 a.m. this morning after the company reported earnings results from the first quarter of the year.
So what
Gannett, the publisher of
USA Today, reported a net loss of more than $142 million in the first quarter, or a loss of $1.06 per share, on total revenues of $777 million, down from an $80 million loss in the first quarter of 2020 on total revenues of $948 million. Earnings missed analysts consensus widely, which had Gannett posting a loss of $0.17 per share. Total revenues also came up short. ....

United States , Michael Reed , Digital Marketing Solutions , United States Today , New Media Investment , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் நாணல் , டிஜிட்டல் சந்தைப்படுத்தல் தீர்வுகள் , ஒன்றுபட்டது மாநிலங்களில் இன்று , புதியது மீடியா முதலீடு ,