WASHINGTON (dpa-AFX) - The New York Times Co., (NYT) revealed earnings for first quarter that dropped compared to the same period last year.
The company said its bottom line declined to $51.54 million, or $0.10 per share. This was down from $59.19 million, or $0.11 per share, in last year's first quarter.
Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.2% to $379.51 million. This was down from $384.24 million last year.
The New York Times Co., earnings at a glance:
-Earnings (Q1): $51.54 Mln. vs. $59.19 Mln. last year. -Earnings Decline (Y-o-Y): -12.9% -EPS (Q1): $0.10 vs. $0.11 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $0.08 -Revenue (Q1): $379.51 Mln vs. $384.24 Mln last year. -Revenue Change (Y-o-Y): -1.2%
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