Pulitzer Sees First-Quarter Earnings Shortfall
Pulitzer said Monday it expects first-quarter earnings will come in below previous forecasts because of weak retail and classified advertising demand.
The newspaper also announced the sale of the Troy Daily News in Troy, Ohio, and the Miami Valley Weekly to Brown Publishing. Terms were not disclosed. Pulitzer said it would take a chart to first-quarter earnings of 8 cents to 10 cents per share resulting from the sale of the Troy newspaper and the January sale of a St. Louis Internet service provider business.
Pulitzer said it now expects first-quarter earnings of 16 cents to 21 cents a share. A single analyst who covers the company was expecting earnings of 32 cents a share, according to Thomson Financial/First Call.Shares of Pulitzer fell 91 cents, or 1.6%, to $54.49 in recent trading on the New York Stock Exchange.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV