New York Times (NYT) PT Raised to $47 at Guggenheim
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New York Times earnings boosted by ad business recovery, shares rise
August 4, 2021 7:07 AM EDTBy Eva Mathews
(Reuters) -The New York Times Co beat quarterly profit expectations on Wednesday as its advertising business showed signs of recovery, eclipsing slower growth in digital subscriptions and sending its shares 12% higher.
The financial fallout from the COVID-19 crisis had last year cut deeply into the publication's advertising revenue. But with companies raising their marketing budgets after the reopening of the economy, The Times posted a 66% surge in ad... More
The New York Times Co. (NYT) Tops Q2 EPS by 9c
August 4, 2021 7:05 AM EDTThe New York Times Co. (NYSE: NYT) reported Q2 EPS of $0.36, $0.09 better than the analyst estimate of $0.27. Revenue for the quarter came in at $498.5 million versus the consensus estimate of $487.68 million.
Outlook:
New York Times (NYT) 2Q Should be the Trough for Net Additions - Morgan Stanley
August 3, 2021 8:39 AM EDTMorgan Stanley analyst Thomas Yeh reiterated an Overweight rating and $60.00 price target on New York Times (NYSE: NYT) on the belief that 2Q21 should be the trough for net additions.
The analyst stated "While many "COVID beneficiaries" were helped by consumer adoption... More
