New York Times shares are trading lower after the company reported mixed Q4 earnings. It also raised dividend by 18%.
Portfolio Pulse from Benzinga Newsdesk
New York Times (NYT) shares are trading lower following mixed Q4 earnings results, despite an 18% increase in its dividend.
February 07, 2024 | 1:14 pm
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New York Times shares declined after reporting mixed Q4 earnings, although it raised its dividend by 18%.
The decline in NYT shares, despite a significant dividend increase, suggests that the market may have had higher expectations for the company's Q4 earnings. Mixed earnings typically indicate that some financial metrics did not meet analyst expectations, which can lead to a decrease in stock price. The increase in dividend, while positive, may not have been enough to offset concerns over the mixed earnings report.
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