The New York Times Co. (NYT) Tops Q4 EPS by 10c, Offers Outlook

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The New York Times Company Reports 2017 Fourth-Quarter and Full-Year Results

February 8, 2018 8:30 AM EST

NEW YORK--(BUSINESS WIRE)-- The New York Times Company (NYSE: NYT) announced today fourth-quarter 2017 diluted loss per share from continuing operations of $.35 compared with $.24 earnings per share in the same period of 2016. Adjusted diluted earnings per share from continuing operations (defined below) was $.39 in the fourth quarter of 2017 compared with $.30 in the fourth quarter of 2016.

Operating profit decreased to $22.7 million in the fourth quarter of 2017 from $55.6 million in the same period of 2016, largely due to pension settlement charges, higher operating costs as a result of an additional week in the quarter (described further... More