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Lee Enterprises Inc. Reports Operating Results (10-Q)

Feb 03, 2012 | About:
10qk
10qk

Lee Enterprises Inc. (LEE) filed Quarterly Report for the period ended 2011-12-25.

Lee Enterprises Inc. has a market cap of $54.4 million; its shares were traded at around $1.21 with a P/E ratio of 1.6 and P/S ratio of 0.1. Lee Enterprises Inc. had an annual average earning growth of 0.9% over the past 10 years.


This is the annual revenues and earnings per share of LEE over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of LEE.


Highlight of Business Operations:

Reconciliations of adjusted net income and adjusted earnings per common share to income attributable to Lee Enterprises, Incorporated and earnings per common share, respectively, the most directly comparable measures under GAAP, are set forth below under the caption “Overall Results”.

For the 2012 Quarter, total operating revenue decreased $8,107,000, or 3.9%, compared to the 2011 Quarter and same property revenue decreased 3.6%. We expect year over year revenue comparisons to improve as economic

On a stand-alone basis, digital advertising revenue increased 10.4% in the 2012 Quarter representing 11.4% of total advertising revenue. Year-over-year total digital advertising turned positive in the month of December 2009 and has been rising steadily since that time. Print advertising revenue on a stand-alone basis decreased 7.9%.

As a result of the factors noted above, operating cash flow decreased 1.1%, to $53,543,000, in the 2012 Quarter compared to $54,113,000 in the 2011 Quarter. Operating cash flow margin increased to 26.8% from 26.1% a year ago reflecting a larger percentage decrease in operating expenses than the decrease in operating revenue.

As a result of the factors noted above, income attributable to Lee Enterprises, Incorporated totaled $14,554,000 in the 2012 Quarter compared to $18,945,000 in the 2011 Quarter. We recorded earnings per diluted common share of $0.32 in the 2012 Quarter and $0.42 in the 2011 Quarter. Excluding unusual matters, as detailed in the table below, diluted earnings per common share, as adjusted, were $0.38 in the 2012 Quarter, compared to $0.32 in the 2011 Quarter. Per share amounts may not add due to rounding.

Read the The complete Report

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