The New York Times Co. (NYT) Reports Q2 EPS of $0.13
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New York Times (NYT) Conference Call Commentary 'Mixed', FBR Capital Says
August 6, 2015 3:22 PM EDTFBR Capital analyst William Bird reiterating his Market Perform rating and $13.50 price target on New York Times (NYSE: NYT) following result and "mixed" conference call commentary. The firm views shares as fairly valued.
Bird commented, "Post the earnings call, there is no change to... More
The New York Times Co. (NYT) Reports Q2 EPS of $0.13; Revenues Fall 1.5%
August 6, 2015 8:32 AM EDTThe New York Times Co. (NYSE: NYT) reported Q2 EPS of $0.13, versus $0.07 reported last year. Revenue for the quarter fell 1.5% to $382.9 million versus the consensus estimate of $383.47 million.
Circulation and other revenues increased 0.9 percent and 4.5 percent, respectively, while advertising revenues declined 5.5 percent.
Our Companys digital progress continued in the second quarter, with double-digit year-over-year growth in both digital advertising and digital subscription revenue, said Mark Thompson, president and chief executive officer.... More
