For the quarter ended December 2023, New York Times Co. (NYT) reported revenue of $676.22 million, up 1.3% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter.The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $680.88 million. With the consensus EPS estimate being $0.60, the EPS surprise was +16.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

New York Times Co.’s stock NYT, +1.80% fell 3% early Wednesday, after the newspaper group beat profit estimates for the fourth quarter but revenue fell slightly short. The company had net income of $109.9 million, or 66 cents a share, up from $70.8 million, or 43 cents a share, in the year-earlier period. Adjusted per-share earnings came to 70 cents, ahead of the 61 cent FactSet consensus. Revenue rose to $676.2 million from $667.5 million a year ago but was just below the FactSet consensus of $680.0 milli ...

NEW YORK--(BUSINESS WIRE)--The New York Times Company (NYSE: NYT) announced today that its fourth-quarter and full-year 2023 financial results are available on The New York Times Company’s investor relations website at investors.nytco.com. As previously announced, The New York Times Company will host its earnings conference call today at 8:30 a.m. E.T. to discuss these results. A live webcast of the earnings conference call will be available at investors.nytco.com. Participants can pre-register for the tel ...

As the stock market is always changing, intelligent investors are always on the lookout to fine-tune their portfolios. Their goal is to eliminate the underachievers and strengthen their holdings in assets. As we go into the month of February, the focus shifts to the media industry. Let us look at the latest media stocks to sell. Certain companies have shown indications of falling behind their competitors. As a result, they are now placed on this list of media stocks to sell. The purpose of this recommendati ...

Wall Street analysts forecast that New York Times Co. (NYT) will report quarterly earnings of $0.60 per share in its upcoming release, pointing to a year-over-year increase of 1.7%. It is anticipated that revenues will amount to $680.88 million, exhibiting an increase of 2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reass ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain On Dec. 27, 2023, The New York Times filed a lawsuit against OpenAI alleging that the company committed willful copyright infringement through its generative AI tool ChatGPT. The Times claimed both that ChatGPT was unlawfully trained on vast amounts of text from its articles and that ChatGPT's ...

NEW YORK--(BUSINESS WIRE)--The New York Times Company (NYSE: NYT) today announced that it will issue its fourth-quarter and full-year 2023 financial results on Wednesday, February 7, at approximately 7:00 a.m. E.T. by posting the results on the Company’s investor relations website at investors.nytco.com. At that time, the Company will issue an advisory release over a newswire service to announce that the results have been posted and are available on the Company’s website at investors.nytco.com. The Company’ ...

New York Times (NYSE: NYT) stock price is surging as investors cheer its growing market share in the United States. It has jumped even as other media companies like Buzzfeed, Washington Post, and Messenger go through a tough period. The stock jumped to $49.15 on Friday, its highest point since November 2021. It is nearing its all-time high of $57.15.Election growth aheadCopy link to sectionThe New York Times had diverged with Washington Post. According to Puck, Jeff Bezos’ company was recently forced to dow ...

Former U.S. President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York City, U.S., January 11, 2024.A New York judge on Friday ordered Donald Trump to pay The New York Times and three of its reporters nearly $400,000 to cover their legal costs for a lawsuit filed by the former president that was dismissed last year.Trump sued The Times and the reporters over a 2018 investigation into his finances and t ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain In 1954, the Guardian's science correspondent reported on "electronic brains", which had a form of memory that could let them retrieve information, like airline seat allocations, in a matter of seconds. Nowadays, the idea of computers storing information is so commonplace that we don't even th ...