Recap: New York Times Q2 Earnings

Shares of New York Times NYT were unchanged in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 5.88% year over year to $0.18, which may not compare to the estimate of $0.01.

Revenue of $403,750,000 decreased by 7.45% year over year, which beat the estimate of $386,920,000.

Outlook

New York Times hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 05, 2020

Time: 08:00 AM

ET Webcast URL: https://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10145259

Technicals

Company's 52-week high was at $47.49

Company's 52-week low was at $26.13

Price action over last quarter: Up 33.30%

Company Description

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as nytimes and various smartphone applications. Circulation of The New York Times is the source of revenue for the company, followed by print and digital advertising and its paid digital-only subscription to The New York Times. The company has a daily print circulation of over 500,000 and 1,000,000 on Sundays. The source of growth for The New York Times is its digital subscription service, which has over 1,000,000 paid users.