ARLINGTON, Va. – In a story Aug. 5 about Graham Holdings Co. earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported incorrectly that Graham Holdings shares had fallen since the start of the year and a year ago. Adjusted for spinoffs, its shares are up about 33 percent this year and 62 percent from a year ago.
A corrected version of the story is below:
Graham Holdings posts 2Q profit
Graham Holdings posts second-quarter profit of $57.8 million
ARLINGTON, Va. (AP) — Graham Holdings Co. (GHC) on Wednesday reported second-quarter net income of $57.8 million.
The Arlington, Virginia-based company said it had profit of $9.87 per share. Earnings, adjusted for restructuring costs and asset impairment costs, came to $12.59 per share.
The education and media company posted revenue of $879.6 million in the period.
Graham Holdings shares adjusted for spinoffs are up about 33 percent since the beginning of the year. The stock is up about 62 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GHC at http://www.zacks.com/ap/GHC
Keywords: Graham Holdings, Earnings Report