New York Times Q4 Adj. EPS $0.70 Beats $0.58 Estimate, Sales $676.22M Miss $679.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Times (NYSE:NYT) reported Q4 adjusted EPS of $0.70, surpassing the $0.58 estimate, marking a 20.69% beat and an 18.64% increase from last year's $0.59. However, their sales of $676.22M fell short of the $679.24M estimate by 0.45%, though it's a 1.30% increase from the previous year.
February 07, 2024 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
New York Times reported a strong Q4 adjusted EPS of $0.70, beating estimates, but sales slightly missed expectations.
The beat on the EPS estimate by 20.69% and the year-over-year growth in earnings suggest a strong financial performance, likely leading to a positive short-term impact on NYT's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100