Gannett reports Q3 EPS 9c, consensus 3c
Reports Q3 revenue $635.6M, consensus $654.61M. Same store operating revenues declined 7.8% year-over-year, an improvement from the Q2 decline of 9.8%. The company added, "In the Q3, we delivered our best same store revenue performance of the year driven by improved print and digital trends across our Marketing Solutions business and stable trends within our Consumer operations. We were pleased to see our ReachLocal segment return to same store revenue growth led by strong gains at WordStream and our local markets. We expect continued improvement within our digital advertising and marketing services revenues as we head into the Q4. Our same store operating expenses fell 8.4% in the quarter enabling us to deliver flat Adjusted EBITDA margins year-over-year..