Lee Enterprises Reports Earnings of $4.4 Million for Q4 FY18
Company says it is at the “top of the industry” as it transitions from print to digital.
On Friday, media organization Lee Enterprises, Inc. (NYSE: LEE) reported its fourth quarter results for fiscal year 2018, for the period ended September 30, 2018. Among the highlights for the quarter were earnings of $4.4 million, or $0.07 per diluted common share, compared to $3.5 million, or $0.06 per diluted common share, for the same period last year. For the full fiscal year 2018, Lee posted earnings of $47.0 million, or $0.82 per diluted share, an increase of $18.4 million compared to $28.6 million, or $0.50 per diluted share, for fiscal year 2017.
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