The New York Times Co. (NYT) Tops Q1 EPS by 2c, Offers Outlook

The New York Times Co. (NYSE: NYT) reported Q1 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $379.5 million versus the consensus estimate of $377.3 million.

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

Total advertising revenues in the second quarter of 2016 are expected to decrease at a rate similar to that of the first quarter of 2016.

Adjusted operating costs are expected to increase in the low-single digits in the second quarter of 2016 compared with the second quarter of 2015 as investments in the Company's strategic growth initiatives accelerate. Operating costs are expected to increase in the mid-single digits in the second quarter of 2016 compared with the same period of 2015 due to expected costs in connection with the proposed streamlining of the Company's international print operations.

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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