The New York Times Co. (NYT) Raises Quarterly Dividend 25% to $0.05; 0.2% Yield
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The New York Times Co. (NYT) Tops Q4 EPS by 4c, Revenues Beat
February 6, 2019 8:32 AM ESTThe New York Times Co. (NYSE: NYT) reported Q4 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $502.7 million versus the consensus estimate of $479.63 million.
Mark Thompson, president and chief executive officer, The New York Times Company, said, A strong quarter capped a strong year for The New York Times. We added 265,000 net new digital subscriptions in Q4, the biggest gain since the months immediately following the 2016 election. Digital subscription growth accelerated in the second half of 2018 and we ended the year with 3.4 million digital subscriptions and 4.3 million total... More
