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EPS and Sales Advanced

New York Times Co announced second quarter 2019 operating surplus of $37.933 millions

For_Sale_Classifieds_By_Khantipol_(www.flickr.com_photos_ktp_427505996_)__[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_CommonsNew York Times Co reported solid second quarter 2019, where Sales grew by 5.23 % to $436 millions in comparison to $415 millions on a year-over-year basis, company posted earnings growth of 7.14 % to $0.15, as comparison at $0.14 in the prior year quarter.

Sales decreased by -0.64 % from $439 millions in preceding period, profits fell by -16.67 % from $0.18 per share.
New York Times Co said it's sales growth was driven by Newspapers segment up 0.74% Other segment up 14.38% Circulation segment up 1.13%, while sales in Total Advertising segment fell -1.85%.
Newspapers business profits of $9.4 millions, helped New York Times Co to grow earnings in the second quarter 2019. Net income of $25 millions in the second quarter 2019 increased by 6.67 % from net earnings of $24 millions reported in the second quarter 2019 a year ago. Although operating margin fell to 8.7%, in the second quarter 2019, the company's net margin actually improved to 5.77%.
Newspapers business was a bright spot in the report, as the segment returns into profitability, with $9.4 millions in black, finishing the quarter.
Newspapers segment turn into profitability.

New York Times Co is expected to report next financial results on April 30, 2020.


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New York Times Co announced second quarter 2019 operating surplus of $37.933 millions

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Other NYT's Earnings Reports

New York Times Co reported first quarter 2019 earnings

New York Times Co reported forth quarter 2018 earnings

New York Times Co reported third quarter 2018 earnings

             
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