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Why Did Gannett Plunge 36.56%?
Generated by AI AgentAinvest Movers Radar
Thursday, May 1, 2025 7:55 am ET1min read
On May 1, 2025, Gannett's stock experienced a significant drop of 36.56% in pre-market trading, marking a substantial decline in its share price.
Gannett Co., Inc. operates as a media and digital marketing solutions company in the United States. The company's operations are divided into three segments: Domestic
Media, which focuses on local news and information, and other segments that provide digital marketing solutions and other services.In 2024, Gannett Co. reported an annual revenue of $2.51 billion, reflecting a decrease of 5.79% compared to the previous year. The company's revenue for the quarter ending December 31, 2024, was $621.28 million, indicating a continued decline in its financial performance.
Gannett Co. is expected to report a quarterly loss of $0.03 per share on revenue of $593.10 million for the period ending May 1, 2025. This anticipated loss and revenue figure suggest ongoing challenges for the company, which may contribute to the recent decline in its stock price.
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