The New York Times' Rise in Circulation Revenue
Posted: 7/9/2012 | By: Zacks.com | Forbes
It has been a tough few years for the newspaper industry, but The New York Times Company (NYT) is expected to see earnings growth in 2012. Zacks now ranks the stock a #1 (Strong Buy.)
On April 19, The New York Times reported first quarter results and crushed the estimate by 300%. Earnings per share were 8 cents compared to the 2 cent estimate. That was also much better than the first quarter of 2011 where the company made zero cents.
On April 19, The New York Times reported first quarter results and crushed the estimate by 300%. Earnings per share were 8 cents compared to the 2 cent estimate. That was also much better than the first quarter of 2011 where the company made zero cents.