A.H. Belo slides after analyst downgrade, lower Q2 earnings
A.H. Belo Corporation (NYSE:AHC) are off 13% today after Goldman Sachs downgraded the publisher to “sell,” the Associated Press reported. The Dallas-based company posted a second-quarter loss after Monday’s close and said it was planning to cut as many as 500 jobs. The company said it had been hit with low ad sales, which dragged down its quarterly earnings.
Shares are at $5.18 at 1:30 p.m. ET, down $0.80 from Monday’s close. Trading volume is below average. The stock has ranged from $4.58 to $16.35 during the past year.
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