New York Times Q2 2024 Adj EPS $0.45 Beats $0.40 Estimate, Sales $625.00M Miss $625.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Times (NYSE: NYT) reported Q2 2024 adjusted EPS of $0.45, beating the estimate of $0.40. However, sales of $625.00M slightly missed the $625.18M estimate. Sales increased by 5.78% compared to the same period last year.
August 07, 2024 | 11:06 am
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New York Times reported Q2 2024 EPS of $0.45, beating estimates by 12.5%, but sales of $625M slightly missed the $625.18M estimate. Sales increased by 5.78% YoY.
The EPS beat is a positive indicator and will likely boost investor confidence, leading to a short-term price increase. The slight miss in sales is negligible and offset by the YoY sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100