The New York Times Co. (NYT) Tops Q4 EPS by 6c
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The New York Times Company Reports 2016 Fourth-Quarter and Full-Year Results
February 2, 2017 8:31 AM ESTNEW YORK--(BUSINESS WIRE)-- The New York Times Company (NYSE: NYT) announced today fourth-quarter 2016 diluted earnings per share from continuing operations of $.24 compared with diluted earnings per share of $.31 in the same period of 2015. Adjusted diluted earnings per share from continuing operations (defined below) were $.30 in the fourth quarter of 2016 compared with $.37 in the fourth quarter of 2015.
Operating profit decreased to $55.6 million in the fourth quarter of 2016 from $87.7 million in the same period of 2015. The decline was largely driven by a pension settlement charge, lower print advertising revenues and higher costs, which were... More
