Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

New York Times Q3 Profit Down - Quick Facts

RELATED NEWS
Trade NYT now with 

New York Times Co. (NYT: Quote) reported that its third-quarter Net income attributable to common stockholders was $2.28 million or $0.02 per share, down from $15.69 million or $0.10 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

The company announced a 2012 third-quarter loss per share from continuing operations of $0.02 compared to earnings per share from continuing operations of $0.04 in the same period of 2011. Excluding severance and the 2011 special items, loss per share from continuing operations was $0.01 in the third quarters of each of 2012 and 2011.

The Company had an operating profit of $8.5 million in the third quarter of 2012 compared with $21.0 million in the same period of 2011. Excluding depreciation, amortization and severance, operating profit was $34.0 million in the third quarter of 2012 compared with $47.7 million in the third quarter of 2011.

Total revenues decreased 0.6 percent to $449.0 million from $451.6 million in the year ago quarter. Advertising revenues decreased 8.9 percent, circulation revenues increased 7.4 percent and other revenues decreased 2.9 percent. Five analysts had consensus revenue estimate of $479.23 million for the quarter.

"While our results for the third quarter reflect continued pressure on advertising revenues, total circulation revenues rose led by the ongoing expansion of our digital subscription base," said Arthur Sulzberger, Jr., chairman and chief executive officer, The New York Times Company.

Total advertising revenue trends in the fourth quarter of 2012 are expected to be similar to third-quarter 2012 levels. Total circulation revenues are expected to increase in the mid- to high-single digits in the fourth quarter of 2012 because of growth in digital subscriptions as well as print price increases implemented earlier this year.

The company expects operating costs to increase in the low-single digits in the fourth quarter of 2012.

Register
To receive FREE breaking news email alerts for The New York Times Co., and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.