New York Times Co. (NYT) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.41 per share a year ago.
The news-and-media company posted a profit of $87.9 million as revenue climbed 12% to $712.2 million, topping Wall Street models.
The EEOC said the Times discriminated against the male candidate based on his race or sex, violating Title VII of the Civil Rights Act of 1964.
The Equal Employment Opportunity Commission recently referred a reverse-discrimination complaint by an employee to the agency's legal unit for review.
NYT readies to report Q1 earnings with digital subscriptions and ad gains in focus, as print weakens and spending pressures margins.
New York Times (NYT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Sunday print edition of the Times made no mention of the White House Correspondents' dinner shooting. Some critics online called the omission intentional.
New York Times (NYT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
While The New York Times Company (NYSE:NYT) warrants a premium for its subscription mix and cash flow profile, analysts see the risk-reward as balanced, citing potential AI-related traffic disruptions and limited room for further multiple expansion. Bank of America has initiated coverage of The New York Times Company with a Neutral rating and an $84 price objective, saying the publisher's strong digital positioning is offset by limited near-term upside after a sharp run in the stock.
The most attention-grabbing move was Berkshire's first-ever stake in the New York Times (NYSE:NYT).
The New York Times stock price has been in a strong bull run and is hovering near its all-time high despite President Donald Trump claiming that it is “failing”. NYT was trading at $82.50 on Thursday, down slightly from its all-time high of $87.
The New York Fed has named Citigroup CEO Jane Fraser to the Federal Reserve Board of Governors' Federal Advisory Council. The Federal Reserve Bank of New York announced Fraser's appointment on Tuesday (March 31), though her one-year term began in January.