QC Times

Lee Enterprises operating revenue falls 4.8 percent in third quarter; per share earnings decline 27 percent

Despite gains in its digital advertising revenues, Lee Enterprises, Inc. today (8/3) reported overall operating revenues in the third quarter fell nearly 5 percent and net income per share was off 27 percent compared with the same period a year ago.

Lee – owner of the Quad City Times and Dispatch-Argus newspapers – had net income of $4.75 million (8 cents per share) for the three-month period ended June 24, compared with $6.29 million (11 cents per share) a year ago.

Lee stock drops after reporting 3rd quarter revenue decline; soft energy sector in ND hurt classified ads

Stock of Lee Enterprises – owner of 45 daily newspapers including the Quad City Times – fell nearly 20 percent after the company reported Thursday (8/6) that its third quarter operating income declined more than 13 percent compared to the same period a year ago.

Subscribe to QC Times
Go to top