McClatchy (NYSEAMERICAN:MNI) released its quarterly earnings data on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.54) by $1.38, Fidelity Earnings reports. The company had revenue of $167.44 million during the quarter.
Shares of NYSEAMERICAN:MNI traded down $0.88 during trading hours on Thursday, hitting $1.40. The company’s stock had a trading volume of 258,703 shares, compared to its average volume of 20,129. McClatchy has a 52 week low of $1.38 and a 52 week high of $8.25.
Several research firms have issued reports on MNI. Noble Financial reissued a “buy” rating and issued a $5.00 price objective on shares of McClatchy in a research report on Sunday, August 11th. Zacks Investment Research cut shares of McClatchy from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.
The McClatchy Company publishes newspapers and news Websites in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and The (Fort Worth) Star-Telegram. It also provides niche publications and community newspapers, as well as other print and digital direct marketing services.
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