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Lee Enterprises, Inc. news release on earnings doesn't mention actual earnings, or lack thereof

on Tue, 05/07/2024 - 01:13   by news

Lee Enterprises, Inc. – calling itself a high quality and trusted source of news – issued a news release last week about its second quarter earnings without stating it lost $2.06 per share ($12.2 million) for the three-month period ended March 24.

The owner of the QC Times and Daily Dispatch/Argus and 70 other newspapers and online news site detailed its digital revenues, digital subscriptions, digital subscribers and digital advertising and marketing service in the news release.

But the company omitted stating it lost money during the second quarter, more than double its $1.01 loss ($5.9 million) loss a year ago. (The actual earnings numbers for the period are contained in the financial statement of operations – required by the Security and Exchange Commission – and attached to the news release narrative.)

Lee Enterprises execs get pay boosts despite steep earnings decline, forced furloughs in 2022

on Sat, 04/01/2023 - 02:30   by news

Amid a steep fall-off in earnings, forced unpaid furloughs across its 77 news properties, significant staff cuts and a continued stock price decline, top Lee Enterprise, Inc. executives received increased compensation packages from 7 to 62 percent during 2022.

The executive compensation detailed in the company's proxy to shareholders, shows President and CEO Kenneth Mowbray's total compensation went up 7.2 percent to $2.33 million. Vice President and Chief Financial Officer Timothy Millage had his compensation upped 33 percent to $1.05 million. Operating Vice President and Vice President - Audience Strategy Nathan E. Bekke's compensation package increase 62 percent to $1.12 million.

And, past CEO Mary E. Junck, who serves as executive chair of the board of directors, received a $30,000 hike in her compensation to $430,000 ($250,000 in fees paid in cash and $180,000 in stock awards).

For the company's fiscal year ended Sept. 25, 2022, Lee lost 35 cents per share compared with a gain of $3.98 per share for the previous fiscal year.

Late fiscal 2022 financial report from Lee Enterprises shows net income down 35 cents per share

on Wed, 03/01/2023 - 03:19   by news

Lee Enterprises, Inc. finally filed its full fiscal 2022 financial report Tuesday (Feb. 27) with the U.S. Security and Exchange Commission (SEC), two months later than normal.

The annual 10-K report showed the company lost 35 cents per share for the 12 months ended Sept. 25, or 14 cents more than preliminary numbers released Dec. 8 as part of its fourth quarter financial results.

Lee is publisher of the Quad City Times and Daily Dispatch/Argus and some 75 other newspapers and online news sites including the St. Louis Post-Dispatch, the Buffalo News and the Omaha World-Herald.

Lee reports $600,000 loss for second quarter

on Sun, 05/16/2021 - 02:12   by news

Lee Enterprises – owner of the Quad City Times and Dispatch Argus newspapers – reported a net loss of $600,000 (6 cents per share) for the second quarter ended March 28.

The loss reflects a 16 percent decline in advertising and marketing services revenue for the period compared (on a pro forma basis) with the same three-month period a year ago.

Lee Enterprises earns 10 cents a share in 3rd quarter despite 4 percent drop in operating revenues

on Tue, 08/13/2019 - 02:00   by news

Lee Enterprises – parent company to the Quad City Times and Dispatch/Argus newspapers – earned $6.17 million, 10 cents per share, during the third quarter ended June 30, up slightly from 8 cents per share for the same period a year ago.

Third quarter operating revenues totaled $127.3 million, compared with $132.6 million a year ago, a 4 percent drop, according to the Davenport-based firm that describes itself as "a leading provider of quality, trusted, local news, information and a major platform for advertising in 50 markets."

Lee reports lower revenues, earnings in 2nd quarter

on Thu, 05/03/2018 - 21:11   by news

Lee Enterprises – owner of the Quad City Times and Dispatch-Argus newspapers – today (5/3) reported lower revenues and earnings for the second quarter despite "strong performance in digital retail."

Second quarter earnings were $2.5 million, 4 cents per share, for the quarter ended March 25, compared with $6.4 million, 11 cents per share, for the same period a year ago, according to the company news release.

Lee Enterprises second quarter earnings flat after adjusting for one-time insurance boost a year ago

on Thu, 05/04/2017 - 22:04   by Editor

Lee Enterprises – owner of the Quad City Times – reported second quarter earnings Thursday (5/4) of $6.4 million, down 67 percent from the same period a year ago when a one-time insurance settlement added more than $13 million to the company's bottomline.

Net income for the three months ended March 26 was 11 cents per share compared with 36 cents per share for the same period a year ago.

Lee Enterprises, Inc. earns $12.4 million in first quarter despite 7% drop in operating revenue; promises focus on more cost reductions in 2017

on Fri, 02/03/2017 - 22:25   by Editor

Lee Enterprises, Inc. earned $12.4 million in the first quarter ended Dec. 25 despite a 7.2 percent drop in operating revenues for the three-month period compared with a year ago.

The Davenport-based company Thursday (2/2) reported earnings of 22 cents per share, compared with 21 cents per share in the first quarter of 2015.

Lee Enterprises reports higher third quarter earnings despite a 5 percent drop-off in overall revenues

on Fri, 08/05/2016 - 01:36   by Editor

Third quarter earnings at Lee Enterprises, Inc. have increased compared with the same period a year ago despite a nearly 5 percent drop in net revenues at the Davenport-based media company.

The company Thursday (8/4) reported earnings of $4.4 million, 8 cents per share, for the three-months ended June 26, compared with $2.14 million, 3 cents per share, for the same quarter in 2015.

Isle of Capri Casino, Inc. earnings up for 4th quarter, fiscal year; lower debt, higher profits boost stock

on Tue, 06/14/2016 - 22:17   by Editor

Isle of Capri Casinos, Inc. – operators of Bettendorf's Isle of Capri Casino – reported improved earnings Tuesday (6/14) for the fourth quarter and fiscal year despite flat revenues for the 12-months ended April 26.

After company officials finished discussing the Isle's lower debt levels and improved profit margins in a conference call with analysts, the firm's stock price jumped nearly $1 per share (6 percent) to $17.32 in early trading.

The company reported fourth quarter net revenue of $265 million compared with $269 million for the same period last year. For the 12-months ended April 24, the Isle had net revenue of $979 million compared with $977 million for fiscal 2015.

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