The New York Times Co. (NYT) Tops Q4 EPS by 10c, Offers Outlook
The New York Times Co. (NYSE: NYT) reported Q4 EPS of $0.39, $0.10 better than the analyst estimate of $0.29. Revenue for the quarter came in at $484.1 million versus the consensus estimate of $467.3 million.
Outlook
Total subscription revenues in the first quarter of 2018 are expected to increase in the mid to high-single digits compared to the first quarter of 2017.
Total advertising revenues in the first quarter of 2018 are expected to decrease in the mid to high-single digits compared with the first quarter of 2017.
Operating costs and adjusted operating costs are expected to increase in the low-single digits in the first quarter of 2018 compared with the first quarter of 2017.
The Company expects the following on a pre-tax basis in 2018:
- Depreciation and amortization: $60 million to $65 million,
- Interest expense, net: $18 million to $21 million, and
- Capital expenditures: $60 million to $70 million.
For earnings history and earnings-related data on The New York Times Co. (NYT) click here.
