The New York Times Co. (NYT) Tops Q4 EPS by 7c

The New York Times Co. (NYSE: NYT) reported Q4 EPS of $0.37, $0.07 better than the analyst estimate of $0.30. Revenue for the quarter came in at $444.7 million versus the consensus estimate of $439.57 million.

Outlook

Total circulation revenues in the first quarter of 2016 are expected to increase at a rate similar to that of the fourth quarter of 2015.

Total advertising revenues in the first quarter of 2016 are expected to decrease between 2-4 percent compared with the first quarter of 2015.

Operating costs and adjusted operating costs are each expected to increase in low-single digits the first quarter of 2016 compared with the first quarter of 2015.

The Company expects the following on a pre-tax basis in 2016:

• Depreciation and amortization: $60 million to $65 million,
• Interest expense, net: $35 million to $40 million, and
• Capital expenditures: approximately $45 million.

For earnings history and earnings-related data on The New York Times Co. (NYT) click here.

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