Bloomberg
Gannett Co., the owner of USA Today and television stations, reported first-quarter profit that rose more than analysts estimated as TV revenue increased. The stock jumped in U.S. trading.
Excluding some items, profit doubled to 50 cents a share, the McLean, Virginia-based company said today in a statement. Analysts predicted 41 cents, the average of estimates compiled by Bloomberg. On March 18, Gannett said it was comfortable with the First Call estimate of 40 cents at the time.
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