ARLINGTON, Va. (AP) _ Graham Holdings Co. (GHC) on Wednesday reported second-quarter net income of $18.9 million.

The Arlington, Virginia-based company said it had profit of $3.60 per share. Earnings, adjusted for one-time gains and costs, were 45 cents per share.

The education and media company posted revenue of $652.9 million in the period.

Graham Holdings shares have dropped 37% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2%.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GHC at https://www.zacks.com/ap/GHC

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