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ARLINGTON, Va. (AP) _ Graham Holdings Co. (GHC) on Tuesday reported a first-quarter loss of $33.2 million, after reporting a profit in the same period a year earlier.
The Arlington, Virginia-based company said it had a loss of $6.32 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $11.48 per share.
The education and media company posted revenue of $732.3 million in the period.
Graham Holdings shares have declined 43% since the beginning of the year, while the Standard & Poor’s 500 index has dropped 12%.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GHC at https://www.zacks.com/ap/GHC
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