The New York Times Co., (NYT) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $49.55 million, or $0.30 per share. This compares with $40.42 million, or $0.24 per share, last year.
Excluding items, The New York Times Co., reported adjusted earnings of $0.41 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.1% to $635.91 million from $594.02 million last year.
The New York Times Co., earnings at a glance (GAAP) :
-Earnings: $49.55 Mln. vs. $40.42 Mln. last year.
-EPS: $0.30 vs. $0.24 last year.
-Revenue: $635.91 Mln vs. $594.02 Mln last year.
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