On May 8, Lee Enterprises, Incorporated (NYSE:LEE) publisher of the St. Louis Post Dispatch, Rapid City Journal and 44 other newspapers, says it posted a $1.5 million profit in its fiscal second-quarter, reversing a loss in the same period a year ago. For the quarter ended March 30, the Davenport, Iowa-based publisher’s profit was 3 cents per share and compares with a loss of $6 million, or 12 cents per share, a year ago. Excluding one-time items, Lee posted an adjusted profit of $2.6 million, or 5 cents per share. Operating revenue fell 4 percent to $154.1 million from $160.6 million. Lee Enterprises, Incorporated (NYSE:LEE) net profit margin is -9.90% and weekly performance is 1.76%. On last trading day company shares ended up $4.04. Analysts mean target price for the company is $2.50. Lee Enterprises, Incorporated (NYSE:LEE) distance from 50-day simple moving average (SMA50) is -6.52%.
On May 23, Reed Elsevier plc (ADR) (NYSE:RUK) a leading information technology company, is preparing to finalize the acquisition of Wunelli, a developer of telematics solutions for the auto insurance sector. Telematics is becoming very popular in the insurance industry because of how it can be used by insurers to price policies more accurately. Demand for this technology has been growing steadily over the past few years and has reached an all-time high as insurance companies continue to look for ways to mitigate losses while also providing high-quality services to consumers. Reed Elsevier plc (ADR) (NYSE:RUK) shares advanced 0.35% in last trading session and ended the day on $62.83. Gross Margin is 64.90% and its return on assets is 92.30%. Reed Elsevier plc (ADR) (NYSE:RUK) quarterly performance is 3.94%.
On May 20, New York Times Company (NYSE:NYT) Chief Executive Officer Mark Thompson said there’s been no interruption in the newsroom since Jill Abramson was suddenly replaced as executive editor last week. Abramson, the first woman to run the Times as executive editor in its 162-year history, was abruptly ousted on May 14 following a fraught relationship with Publisher Arthur Sulzberger. She was replaced by Dean Baquet, who had been managing editor. The New York Times Company (NYSE:NYT) shares moved up 1.56% in last trading session and was closed at $14.93, while trading in range of $14.61 – $14.97. The New York Times Company (NYSE:NYT) year to date (YTD) performance is -5.45%.
On May 23, Thomson Reuters Corporation (USA) (NYSE:TRI) the world’s leading source of intelligent information for businesses and professionals, announced that it has received approval from the Toronto Stock Exchange (TSX) for the annual renewal of its normal course issuer bid (NCIB). Under the renewed NCIB, up to 30 million common shares (representing approximately 3.7% of the total outstanding shares) may be repurchased between May 28, 2014 and May 27, 2015. The renewed NCIB reflects the same number of shares as the company’s NCIB that just expired. Thomson Reuters Corporation (USA) (NYSE:TRI) ended the last trading day at $35.16. Company weekly volatility is calculated as 1.34% and price to cash ratio as 35.71. Thomson Reuters Corporation (USA) (NYSE:TRI) showed a negative weekly performance of -0.93%.
On May 23, Gannett Co., Inc. (NYSE:GCI) announced it has concluded the purchase of HotelMe, a website providing authenticated user-generated hotel reviews. Launched in 2012, HotelMe is a joint venture between Gannett, USA TODAY Travel Media Group and District Hospitality Partners. Gannett Co., Inc. (NYSE:GCI) net profit margin is 6.40% and weekly performance is 2.26%. On last trading day company shares ended up $28.03. Analysts mean target price for the company is $33.69. Gannett Co., Inc. (NYSE:GCI) distance from 50-day simple moving average (SMA50) is 2.33%.
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