Revenue Update on New York Times Co(NYSE:NYT)

New York Times Co(NYSE:NYT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $372.63M. Analysts estimated a revenue of $375.40M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.11.

New York Times Co (NYT) shares turned negative on Thursdays trading session with the shares closing down -0.01 points or -0.08% at a volume of 6,68,195. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.84. The peak price level was also seen at $12.84 while the days lowest was $12.7. Finally the shares closed at $12.74. The 52-week high of the shares is $14.27 while the 52-week low is $11.45. According to the latest information available, the market cap of the company is $2,051 M.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, R Anthony Benten (SVP, Finance & Controller) sold 14,464 shares at $12.06 per share price.Also, On May 26, 2016, Steven B. Green (director) sold 40,000 shares at $12.00 per share price.On May 19, 2016, Arthur Jr Sulzberger (Chairman and Publisher) sold 143,940 shares at $12.01 per share price, according to the Form-4 filing with the securities and exchange commission.

The New York Times Company is a media organization focused on creating collecting and distributing news and information. The Company includes newspapers digital businesses and investments in paper mills. The Company’s businesses include The New York Times (The Times); the International New York Times (INYT) the international edition of The Times; its Websites and and related businesses such as The Times news services division digital archive distribution conferences business and other products and services. The Times is a daily (Monday to Saturday) and Sunday newspaper and INYT is a daily newspaper. The Company’s content reaches its audience through its print products online and through other digital media including smartphone tablet and e-reader applications. The Company generates revenues principally from circulation and advertising.

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