India, July 31 -- Thursday, diversified media company Gannett Co., Inc. (GCI) reported an exceptional increase in second earnings, compared to the same period last year, reflecting a significant benefit for income taxes. Meanwhile, revenues were lower than the previous year.
The quarterly earnings were $78.39 million or $0.42 per share, compared to $13.75 million or $0.09 per share last year. The results included a gain on sale or disposal of assets, higher other net income. Benefit for income taxes were $87.47 million, compared to $26.80 million a year ago. On a pre-tax basis, loss was $9.07 million, narrower than loss of $13.09 million last year.
On an adjusted basis, earnings were $84.5 million.
Revenue for the quarter declined 8.6 pe...