WASHINGTON (dpa-AFX) - The New York Times Co., (NYT) announced a profit for
its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $109.88 million, or $0.66 per share. This
compares with $70.79 million, or $0.43 per share, in last year's fourth quarter.

Excluding items, The New York Times Co., reported adjusted earnings of $0.70 per
share for the period.

Analysts on average had expected the company to earn $0.58 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 1.3% to $676.22 million from $667.54
million last year.

The New York Times Co., earnings at a glance (GAAP) :

-Earnings (Q4): $109.88 Mln. vs. $70.79 Mln. last year.
-EPS (Q4): $0.66 vs. $0.43 last year.
-Analyst Estimate: $0.58
-Revenue (Q4): $676.22 Mln vs. $667.54 Mln last year.


Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX