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.

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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)

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