The Canadian PressFebruary 6, 2014 16:48
DAVENPORT, Iowa - Lee Enterprises says its fiscal first-quarter net income fell 18 per cent as revenue slipped.
For the quarter ended Dec. 29, the Davenport, Iowa-based publisher earned $11.9 million, or 22 cents per share. That compared with $14.6 million, or 28 cents per share, in the same quarter a year earlier.
Excluding special charges related to discontinued operations, the company says it earned $12.8 million, or 24 cents per share, up from an adjusted $10.5 million, or 20 cents per share, a year earlier.