Washington Post Earnings: Revenue Concerns Investors
Falling revenue did not prevent S&P 500 (NYSE:SPY) component Washington Post Co. (NYSE:WPO) from reporting a profit boost in the first quarter. The Washington Post operates as a diversified education and media company.
Investing Insights: What’s the Future of Microsoft’s Stock?
Washington Post Earnings Cheat Sheet for the First Quarter
Results: Net income for Washington Post Co. rose to $31.5 million ($4.07 per share) vs. $15.6 million ($1.87 per share) in the same quarter a year earlier. This is a more than twofold rise from the year-earlier quarter.
Revenue: Fell 6.7% to $972.5 million from the year-earlier quarter.
Looking Ahead: Over the past three months, the average estimate for the fiscal year has climbed from $11.63 per to share to $17.93.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: