The following is TheStreet's rundown of the week's most important earnings releases.FRIDAY'S EARNINGS Gannett (GCI) Beats Forecasts as Advertising Improves Revenue: Revenue declined 1.7% to $1.37 billion on exit from UK-based commercial printing business. Earnings: Earnings from continuing operations excluding special items rose to 81 cents a share. Outlook: The company announced a local advertising partnership with Yahoo ( YHOO) that will expand its digital reach. Share performance: The stock fell 9% in early trading. See recent Gannett stock action here.
Mattel (MAT) Misses Expectations Revenue: Sales of Barbie and Toy Story 3 merchandise lift revenue by 13% to $1.02 billion. Earnings: Earnings more than doubled to 14 cents a share, against consensus of 15 cents. Outlook: No outlook was provided. Share performance: The stock dropped 6.3% in weak trading on Friday. See recent Mattel stock action here.
First Horizon National (FHN )Posts Surprise Profit Revenue: Net interest income rose 1% to $182 million. Earnings: The company swung to a profit of one cent a share compared with a loss of 12 cents in the same period a year ago. Analysts were expecting a loss of 9 cents. Lower loss-provisions, declining charge-offs and lower non-performing loans helped earnings. Outlook:No outlook was provided. Share performance: The stock is up 0.4% at $12.16 amid selling pressure on Friday. See recent First Horizon stock action here