Thursday, November 13, 2008

4th-quarter earnings preview

Fourth-quarter earnings come out today. AP speculates things you already know:
Lee is expected to report lower profit and revenue in the quarter that ended Sept. 30 than it did a year earlier amid a prolonged advertising downturn at newspapers.
Interesting that when the third quarter ended on June 30 stock was at $3.99. When the fourth quarter ended on Sept. 30, stock was at $3.50. Right now it's down to $1.40.

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