Earnings: Genentech, Harley Davidson, Circuit City

NEW YORK (Reuters) - Gannett Co. Inc. (GCI ) Wednesday said first-quarter earnings fell, hurt by a difficult advertising environment at its flagship newspaper, .

Gannett, which also publishes about 90 other daily newspapers and runs 21 television stations, said earnings fell to $235.3 million, or 99 cents a share, from $265.7 million. or $1.05 a share, in the period a year ago.

Analysts on average had been forecasting earnings of 99 cents a share, according to Reuters Estimates, down from $1.02 a share last month, before a warning by Gannett. The company began reporting stock compensation expense in the first quarter, which totaled 3 cents a share.

Revenue rose 6.5 percent, to $1.88 billion, while analysts had expected it to post revenue of $1.86 billion.

Reported operating expenses increased 10.8 percent in the quarter, hurt by higher newsprint costs.

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