The New York Times Co. (NYT) Tops Q3 EPS by 2c, Revenues Fall 1%

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Go back to The New York Times Co. (NYT) Tops Q3 EPS by 2c, Revenues Fall 1%

The New York Times Company Reports 2016 Third-Quarter Results

November 2, 2016 8:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- The New York Times Company (NYSE: NYT) announced today a third-quarter 2016 diluted earnings per share from continuing operations of $.00 compared with diluted earnings per share of $.06 in the same period of 2015. Adjusted diluted earnings per share from continuing operations (defined below) were $.06 in the third quarter of 2016 compared with $.09 in the third quarter of 2015.

Operating profit decreased to $9.0 million in the third quarter of 2016 from $21.9 million in the same period of 2015. The decline was driven by severance expense associated with workforce reductions as well as lower print advertising revenues and... More