Washington Post Co. Earnings Cheat Sheet: Bad Luck Continues

S&P 500 (NYSE:SPY) component Washington Post Co. (NYSE:WPO) reported its results for the second quarter. The Washington Post Company operates as a diversified education and media company.

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Washington Post Earnings Cheat Sheet for the Second Quarter

Results: Net income for the media company fell to $45.6 million ($5.74 per share) vs. $92 million ($10 per share) a year earlier. This is a decline of 50.5% from the year earlier quarter.

Revenue: Fell 10% to $1.07 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: WPO fell short of the mean analyst estimate of $5.87 per share. Analysts were expecting revenue of $1.09 billion.

Key Stats:

The company has now seen net income fall in each of the last three quarters. In the first quarter, net income fell 65.9% from the year earlier, while the figure fell 3.3% in the fourth quarter of the last fiscal year.

Revenue has fallen for the past three quarters. In the first quarter, revenue declined 9.2% to $1.06 billion while the figure fell 3.9% in the fourth quarter of the last fiscal year from the year earlier.

The company has now fallen short of estimates in the last two quarters. In the first quarter, it missed expectations by 5 cents with net income of $4.30 versus a mean estimate of net income of $4.35 per share.

Competitors to Watch: Career Education Corp. (NASDAQ:CECO), The Princeton Review, Inc (NASDAQ:REVU), Apollo Group, Inc. (NASDAQ:APOL), DeVry Inc. (NYSE:DV), Gannett Co., Inc. (NYSE:GCI), Grand Canyon Education Inc (NASDAQ:LOPE), Corinthian Colleges, Inc. (NASDAQ:COCO), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), Strayer Education, Inc. (NASDAQ:STRA), and Bridgepoint Education, Inc. (NYSE:BPI).

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(Source: Xignite Financials)