New York Times Co (NYT) Releases Earnings Results, Misses Expectations By $-0.01 EPS

New York Times Co (NYT) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.12. The company posted revenue of $372.60 million in the period, compared to analysts expectations of $375.60 million. The company’s revenue was down -2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

New York Times Co closed down -0.06 points or -0.47% at $12.73 with 9,71,520 shares getting traded on Thursday. Post opening the session at $12.73, the shares hit an intraday low of $12.47 and an intraday high of $12.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 3, 2016, R Anthony Benten (SVP, Finance & Controller) sold 14,464 shares at $12.06 per share price. According to the SEC, on May 26, 2016, Steven B. Green (director) sold 40,000 shares at $12.00 per share price. On May 19, 2016, Arthur Jr Sulzberger (Chairman and Publisher) sold 143,940 shares at $12.01 per share price, according to the Form-4 filing with the securities and exchange commission.

The New York Times Company is a media organization focused on creating collecting and distributing news and information. The Company includes newspapers digital businesses and investments in paper mills. The Company’s businesses include The New York Times (The Times); the International New York Times (INYT) the international edition of The Times; its Websites and and related businesses such as The Times news services division digital archive distribution conferences business and other products and services. The Times is a daily (Monday to Saturday) and Sunday newspaper and INYT is a daily newspaper. The Company’s content reaches its audience through its print products online and through other digital media including smartphone tablet and e-reader applications. The Company generates revenues principally from circulation and advertising.

New York Times Co

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