Price/Volume Alert: Gannett (GCI)

Posted in General 
July 15th, 2009

Gannett Co., Inc. (NYSE: GCI) is rarely a pre-market volume spike stock.  But the company’s earnings came in much better than many had expected.  The individual business metrics and trends continue to be atrocious, but the company earned $70.5 million or $0.30 EPS in the Q2 period.  On a non-GAAP basis, that was $0.46 EPS and Thomson Reuters was only $0.36 EPS.  After 2 minutes of trading we have already hit the 1 million share mark and shares are up 20% at $4.20.  The average volume is 7 million shares and the 52-week range is $1.85 to $21.68. -Jon C. Ogg

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