UPDATE: New York Times Posts Upbeat Q4 Results

The New York Times Co

reported upbeat fourth-quarter results. New York Times posted its quarterly revenue of $443.9 million, versus analysts' estimates of $441 million. Its quarterly net income from continuing operations dropped to $38.6 million, or $0.24 per share, versus $118 million, or $0.76 per share, in the year-ago period. Analysts expected earnings of $0.16 per share. New York Times shares closed at $13.84 yesterday.