Lee Enterprises Reports Fiscal Year End Earnings of $36 Million
This weekend Lee Enterprises (NYSE: Lee) reported its quarterly and fiscal year financials for the period ended September 25, 2016. Lee, which provides news, information and advertising in 50 U.S. markets in 22 states, posted quarterly earnings of $0.7 million, or $0.01 per diluted common share. Earnings for the same period last year totaled $10.1 million, or $0.18 per diluted common share. For the fiscal year, Lee earnings were $36.0 million, or $0.64 per diluted common share, compared to $24.3 million, or $0.43 per diluted common share, for the prior year.
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