The New York Times Co. (NYT) Tops Q2 EPS by 2c

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The New York Times Company Reports 2018 Second-Quarter Results

August 8, 2018 8:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- The New York Times Company (NYSE: NYT) announced today second-quarter 2018 diluted earnings per share from continuing operations of $.14 compared with $.09 earnings per share in the same period of 2017. Adjusted diluted earnings per share from continuing operations (defined below) was $.17 in the second quarter of 2018 compared with $.17 in the second quarter of 2017.

Operating profit rose to $40.0 million in the second quarter of 2018 from $26.5 million in the same period of 2017, principally driven by strong digital subscription and other revenues as well as lower operating costs, which were partially offset by lower advertising... More