Lee Enterprises earnings fall, but stay level without fair-value adjustment
BPC Staff May 3, 2018 | 8:41 pm
<1 min read time
98 wordsAll Latest News, Arts and Culture, InsuranceWaterloo-Cedar Falls Courier: Davenport-based media company Lee Enterprises Inc. today reported earnings of $2.5 million for its second fiscal quarter, or 4 cents per diluted common share. That was down from $6.4 million, or 11 cents per diluted common share, in the same quarter a year ago. Excluding an adjustment related to the change in fair value of the stock warrants, adjusted earnings per diluted common share totaled 3 cents in both the current year quarter and the prior year quarter. Digital advertising revenue increased 2.7 percent and represented 31.9 percent of total advertising revenue for the quarter.
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