WASHINGTON (dpa-AFX) - Washington Post Co. (WPO) posted first-quarter net income attributable to common shares of $31 million or $4.07 per share, significantly higher than $15.2 million or $1.87 per share reported a year earlier.
The company stated that net income includes $20.2 million or $2.70 per share in income from discontinued operations and $2.8 million or $0.34 per share in losses from discontinued operations for the first quarter of 2012 and 2011, respectively.
Excluding items, the company's net income attributable to common shares decined to $26.9 million or $3.53 per share from $32.3 million or $3.99 per share in the prior year.
Income from continuing operations attributable to common shares was $10.8 million or $1.37 per share for the first quarter of 2012 versus $17.9 million or $2.21 per share last year. Excluding items, income from continuing operations attributable to common shares fell to $6.7 million or $0.83 per share from $35 million or $4.33 per share in the previous year.
Revenue dropped to $972.5 million from $1.04 billion in the prior-year quarter.
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