Lee Enterprises, Inc. stock today (2/4) fell to a new 52-week low – $1.15 per share – after reporting first quarter operating revenues declined 5 percent compared with a year ago.
The company's first quarter includes the Thanksgiving and Christmas holiday season, typically the best advertising period for newspapers, and the results apparently disappointed investors. Shares of the Davenport-based media firm, owner of the Quad City Times, dropped more than 10 cents per share in heavy trading after the company announced its earnings.