Earnings: Slightly beat lowered expectations

No big ugly surprises this morning in the second-quarter results. Here’s the AP’s story and here’s the company’s statement.

Excluding one-time gains, per-share earnings fell to $1.24 from $1.28 a year ago. That was a penny better than Wall Street’s expectations, the AP story says. Overall revenue fell 3.4% to $1.93 billion from $2 billion in the same period a year ago. That revenue figure is well below expectations of $1.96 billion, if I’m reading this chart correctly.

Separately, the company said in its monthly statistical report, newspaper advertising revenue fell 6.2% in June from June 2006. USA Today broke a five-month losing streak; revenue rose 7.4% from a year ago.

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