The New York Times Co. (NYT) Thursday said first-quarter net income attributable to the company's stockholders plunged to $3.14 million from last year's $42.13 million. Earnings per share declined to $0.02 from $0.28.
Prior-year results included $0.22 per share from discontinued operations.
Income from continuing operations was $0.02 per share compared to $0.06 per share last year.
Excluding severance and special items in 2012, earnings per share from continuing operations were $0.04 in the first quarter of 2013 while it was $0.05 in the first quarter of 2012.
On average, 5 analysts polled by Thomson Reuters expected earnings of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased 2 percent to $465.9 million from $475.4 million. Analysts expected revenues of $470.45 million.
Circulation revenues increased 6.5 percent, while advertising and other revenues decreased 11.2 percent and 0.7 percent, respectively.
Looking ahead, the company expects total circulation revenues to increase in the mid-single digits in the second quarter. Total advertising revenue trends in the quarter are expected to be somewhat better sequentially.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.