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Lee Enterprises reports 49 percent drop in first quarter earnings; touts digital subscription growth

on Sat, 02/08/2020 - 02:46   by news

Despite a doubling of digital-only subscriptions to Lee Enterprise newspapers from a year ago, the company's first quarter earnings fell nearly 50 percent compared with the same period last year.

The company, owner of the Quad City Times and Dispatch/Argus, earned $5.7 million (9 cents per share) for the three months ended December 29, compared with $10.7 million (19 cents per share) for the same period in 2019.

Lee Enterprises reports earnings increase thanks to $19.7 boost from one-time income tax adjustment

on Fri, 02/02/2018 - 00:44   by news

Lee Enterprises – owner of the Quad City Times and Dispatch-Argus newspapers – today (2/1) reported higher net income and earnings for the first quarter ended Dec. 24, thanks primarily to a $19.7-million income tax adjustment stemming from the recently passed federal tax reform legislation.

The Davenport-based media company reported net income for the first quarter of $35.3 million with $19.7 million of that total coming from a one-time adjustment to its deferred tax assets and liabilities to reflect the lowering of the federal base tax rate from 35 to 21 percent.

Isle earns $3.1 million in first quarter; Bettendorf gambling boat battered by construction, Illinois slots

on Wed, 09/02/2015 - 22:06   by Editor

The first quarter financial results of Isle of Capri Casino, Inc. drew praise from stock analysts Wednesday (9/2), but its Bettendorf riverboat was noteworthy for just the opposite – falling revenues.

The Isle earned $3.1 million for the first quarter, or 8 cents per share, a turnaround from last year when the gambling firm lost 6 cents per share, or $2.3 million. The St. Louis-based firm also reported a significant increase in net revenues for the period, jumping nearly 5 percent to $260 million, compared to $249.5 million during the same period a year ago.

Lee Enterprises reports $10 million profit in 1st quarter; off 17 percent from same period last year

on Fri, 02/06/2015 - 22:05   by Editor

Lee Enterprises, Inc. – owner of the Quad City Times – reported first quarter earnings Thursday (2/5) of $10 million, down more than 17 percent for the same three months a year ago.

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