Lee Enterprises, Incorporated Reports Earnings Results for the Third Quarter Ended June 27, 2021
August 05, 2021 at 07:00 am EDT
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Lee Enterprises, Incorporated announced earnings results for the third quarter ended June 27, 2021. For the third quarter, the company announced total revenue was USD 196.490 million compared to USD 182.528 million a year ago. Operating income was USD 13.783 million compared to USD 11.749 million a year ago. Net income was USD 3.227 million compared to net loss of USD 1.275 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to basic loss per share from continuing operations of USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to diluted loss per share from continuing operations of USD 0.23 a year ago. For the nine months, total revenue was USD 600.736 million compared to USD 426.238 million a year ago. Operating income was USD 43.007 million compared to USD 43.843 million a year ago. Net income was USD 17.995 million compared to net loss of USD 1.320 million a year ago. Basic earnings per share from continuing operations was USD 3.15 compared to basic loss per share from continuing operations of USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 3.1 compared to diluted loss per share from continuing operations of USD 0.23 a year ago.
Lee Enterprises, Incorporated is a provider of local news and information in the markets it serves with digital subscription and advertising platforms. The Companyâs product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche publications, all delivering original local news and information. The Companyâs products offer print and digital editions, and its content and advertising are available in real time through its websites and mobile apps. It operates in predominately mid-sized communities with products ranging from daily newspapers and associated digital products, such as the St. Louis Post-Dispatch and The Buffalo News, to non-daily newspapers with news websites and digital platforms serving smaller communities. The Company is focused on three categories: subscriptions to its product offerings, advertising and marketing solutions to local advertisers, and digital services to a diverse set of customers.
LEE ENTERPRISES, INCORPORATED 
