S&P 500 component Washington Post Co. reported its results for the fourth quarter. The Washington Post operates as a diversified education and media company.
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Washington Post Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for Washington Post Co. fell to $61.7 million ($8.03 per share) vs. $79 million ($9.42 per share) a year earlier. This is a decline of 21.9% from the year-earlier quarter.
Revenue: Fell 10% to $1.06 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Washington Post Co. beat the mean analyst estimate of $5.36 per share. It beat the average revenue estimate of $1.04 billion.
The company has now topped analyst estimates for the last three quarters. It beat the mark by $1.42 in the third quarter and by 5 cents in the second quarter.
The company reported a profit last quarter after being in the red the prior quarter. In the second quarter, the company booked a net loss of $45.8 million, or a loss of $5.74 per share.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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