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Dividend.com: Washington Post Mortem

Stock quotes in this article: WPO , EV , WYNN , DWA  

Hurt by Writedowns, Washington Post Fourth-Quarter Net Profit Drops 77%

Shares of Washington Post(WPO Quote) were down $12, or 3%, in early trading Wednesday, after the education and media company posted fourth-quarter profits that fell 77% from year-ago levels.

The company posted a fourth quarter net income of $18.8 million, or $2.01 per share, down 77% from $82.9 million, or $8.71 per share, in the year-ago period. Revenue, however, grew 3% to $1.16 billion from $1.13 billion. ...

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