New York Times Co. (NYT) said its second-quarter net income attributable to the company's common stockholders decreased to $32.03 million or $0.21 per share from $39.06 million or $0.27 per share a year ago.
However, total revenues for the second quarter of 2010 increased 1.2% to $589.6 million from $582.7 million in the comparable period.
On average, 2 analysts polled by Thomson Reuters expected earnings per share of $0.13 on revenues of $576.15 million for the quarter. Analysts' estimate typically excludes one-time items.
"These positive results continued to build on the momentum of the past few quarters as the Company was able to increase revenues and decrease operating costs," said Janet Robinson, president and chief executive officer, The New York Times Company.
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