New York Times Earnings: 10 Things for Investors to Know

The New York Times earnings report for the first quarter of the year is out.

New York Times Earnings: 10 Things for Investors to Know
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Here are a few things for investors to know about the recent earnings report from New York Times (NYSE:NYT).

  • The news company’s earnings per share for the period came in at 17 cents.
  • This is an increase over New York Times earnings per share of 10 cents from the same time last year.
  • It also beat out Wall Street’s earnings per share estimate of 15 cents for the first quarter of the year.
  • Net income reported during the quarter was $21.91 million.
  • Net income reported in the first quarter of 2017 was $13.12 million.
  • During the first quarter of the year, New York Times earnings from operations was $35.06 million.
  • The company’s operating income from the same period of the year prior came in at $27.82 million.
  • The New York Times earnings report for the first quarter the year also includes revenue of $413.95 million.
  • Revenue reported by the news company in the same quarter of the previous year was $398.80 million.
  • Analysts were looking for the company to report revenue of $409.07 million for the period.

New York Times says that it is expecting subscription revenue for the second quarter of 2018 to increase mid-single digits from the same time last year. It is also looking for advertising revenue to increase in the low-teens from the first quarter of 2017. Going along with this are expectations for operating costs to increase by low-single digits during the quarter.

NYT stock dipped earlier today, but is now only slightly down as of Thursday afternoon.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2018/05/new-york-times-earnings-highlights/.

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