The New York Times Co. (NYT) Tops Q3 EPS by 2c, Revenues Fall 1%
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The New York Times Company Reports 2016 Third-Quarter Results
November 2, 2016 8:30 AM EDTNEW 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
