New Media Investment Group (NEWM) Declares $0.38 Quarterly Dividend; 11.1% Yield
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New Media Investment Group (NEWM) Misses Q4 EPS by 24c
February 27, 2019 6:43 AM ESTNew Media Investment Group (NYSE: NEWM) reported Q4 EPS of $0.22, $0.24 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $416 million, versus $394.43 million reported last year.
Fourth Quarter 2018 Financial Summary
New Media declared a cash dividend of $0.38 per common share for the fourth quarter of 2018Operating income of $25.2 millionNet income attributable to New Media of $13.3 millionTotal revenues of $416.0 million, an increase of 5.5% to prior year on a reported basis, and down 6.6% on an organic same store basis excluding, for comparability, the impact of ASC Topic 606Natural... More