Market Currents

• Monday, October 19, 2009

• 08:24 AM Gannett (GCI): Q3 EPS of $0.44 beats by $0.03. Revenue of $1.34B (-18.3%) in-line. "We finished the quarter on a stronger note with better than anticipated results due primarily to better trends in advertising and greater efficiencies across all of our business segments." Shares +1.9% premarket. (PR) 4 Comments
• 00:05 AM Notable pre-market earnings: BPOP, BBT, ETN, GCI, HAS, JEF, MMR, WFT Comment!

• Tuesday, September 29, 2009

• 09:40 AM Newspaper stocks catch a bid on the heels of Gannett's (GCI) rosy outlook. While ad revenues remain under pressure, bottom line numbers were well ahead of expectations due to significantly lower newsprint expenses. Early on: GCI +14%. NYT +9%. MNI +11%. LEE +27%. WPO +3%. Comment!
• 09:00 AM Premarket gainers: GCI +25%. MNI +15%. CIT +14%. WAG +10%. NYT +9%. CVS +5%.
  Losers: SQNM -41%. MBI -9%. Comment!
• 08:33 AM Gannett (GCI): Sees Q3 EPS of $0.39-0.42 vs. consensus of $0.28, saying publishing comparisons improved vs. H1. Shares +13.3% premarket. (PR) Comment!

• Tuesday, July 28, 2009

• 14:22 PM Gannett's (GCI) largest investor says it and other newspaper publishers will beat estimates for the next five to six quarters. Ariel Investments more than doubled its Gannett stake in Q1 to 12%, and says that cost cuts and more moderate ad declines will pay off in earnings. Comment!

• Wednesday, July 15, 2009

• 09:01 AM Premarket gainers: GCI +20%. ALU +12%. AMD +8%. INTC +7%. AIB +6%. MT +6%. ING +6%. TGB +6%. AXA +5%. PMI +5%. TSM +5%. HMY +5%. MI +5%. HBC +5%. GNK +5%. HL +4%. BCS +4%. TIE +4%. AKS +4%. NOK +4%. RCL +4%. YGE +4%. VALE +4%. IGT +4%. AUY +4%. COF +4%. EXM +4%. FCX +4%. X +4%. MU +4%. ABX +4%. UBS +4%. DB +4%. Whoa!
  Losers: PAR -22%. JNS -8%. YUM -4% 1 Comment
• 08:29 AM Gannett (GCI): Q2 EPS of $0.46 beats by $0.10. Revenue of $1.4B (-17.8%) vs. $1.5B. Shares +19.8% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABT, ASML, GCI, GWW Comment!

• Wednesday, July 1, 2009

• 08:54 AM Revenue declines force Gannett (GCI), the largest U.S. newspaper publisher by daily circulation, to cut 1,000-2,000 jobs. The company already cut 10% of its workforce last year. Comment!

• Wednesday, May 13, 2009

• 13:15 PM S&P leaders: GM +7%. MRK +3%. PFE +3%. FHN +3%. JEC +3%. Laggards: GNW -24%. LIZ -23%. ODP -18%. MTG -16%. FITB -15%. DDR -15%. HBAN -14%. AKS -14%. HIG -13%. ATI -12%. GT -12%. ACAS -12%. IP -12%. MI -12%. MTW -12%. AIG -12%. RF -11%. JNY -11%. UIS -11%. PLD -11%. DOW -10%. CBG -10%. GCI -11%. MEE -10%. ZION -10%. TEL -9%. TIE -9%. LUK -9%. HAR -9%. MWV -9%. AA -9%. NUE -9%. XL -9%. WYN -9%. AIV -9%. MAS -9%. Comment!

• Thursday, May 7, 2009

• 09:03 AM Premarket gainers: VNDA +808%. VG +65%. VICL +33%. COF +18%. CNO +17%. HBAN +17%. GNW +16%. BAC +15%. FITB +14%. C +14%. AIG +14%. KFN +13%. CIT +12%. CDNS +11%. GTE +12%. KNDL +11%. CSUN +11%. DFS +9%. IRE +10%. ANF +10%. UL +10%. LNC +10%. DDR +10%. MFG +9%. HIG +8%. CNB +9%. UCBH +9%. SIG +8%. STT +8%. PRU +8%. CPSL +8%. GCI +7%. ETFC +7%. ONNN +7%. ACAS +7%. ERX +7%. CVC +6%. PRGN +6%. ZION +6%. DRYS +6%. BK +6%. Comment!

• Thursday, April 16, 2009

• 09:01 AM Premarket gainers: GMKT +19%. GCI +19%. UIS +15%. NOK +12%. HOG +11%. QTM +11%. JAVA +10%. ATVI +8%. HBAN +8%. AIG +8%. ISRG +7%.
  Losers: GGP -15%. AIB -11%. CIM -6%. DRE -5%. Comment!
• 08:38 AM Gannett (GCI): Q1 EPS of $0.25 beats by $0.01. Revenue of $1.38B (-17.8%) vs. $1.44B. Shares +16% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APH, BAX, CY, FCS, GCI, GPC, HOG, ITW, JPM, LUV, NOK, PH, SHW Comment!

• Tuesday, April 14, 2009

• 15:56 PM Gannett (GCI) is up a whopping 51% since Ariel Investments said Thursday it more than doubled its stake. But for now, GCI is still "more familiar with the inside of a bankruptcy court than with new-high territory," and its earnings Thursday aren't likely to be pretty. Comment!