The New York Times Co. (NYT) Tops Q1 EPS by 2c, Offers Outlook
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The New York Times Company Reports 2016 First-Quarter Results
May 3, 2016 8:30 AM EDTNEW YORK--(BUSINESS WIRE)-- The New York Times Company (NYSE: NYT) announced today a first-quarter 2016 diluted loss per share from continuing operations of $.05 compared with a loss of $.09 in the same period of 2015. Adjusted diluted earnings per share from continuing operations (defined below) were $.10 in the first quarter of 2016 compared with $.11 in the first quarter of 2015.
Adjusted operating profit (defined below) was $51.5 million in the first quarter of 2016 compared with $59.2 million in the first quarter of 2015. The decline was driven by lower advertising revenues and higher costs, which were partially offset by higher... More
