New York Times (NYT.US) shares gain nearly 14% following the publication of better-than-expected fourth quarter results. The company reported better-than-expected sales and earnings, as a result of an increase in digital subscriptions.
Selected company results:
- EPS: 59 cents per share versus 43 cents expected
- Revenue: $668 million vs. $646.7 million expected
- Subscription revenue: $414.1 million versus $408.5 million expected
The company forecasts that the second part of 2023 will see cost reductions and improved margins. The first quarter of 2023 may see a decline in advertising revenue and an increase in operating costs.
For more details, please see the attached screenshot from Bloomberg Terminal.
Source: Bloomberg
Source: xStation 5
UK GDP picks up in August as budget tax hike speculation goes into overdrive
TSMC Earnings Preview: Will the Key Semiconductor Supplier Surprise the Market?
Gold hits a record, as stocks rally on earnings strength
US Open: American Indices Rally on Anticipated End of Fed Balance Sheet Reduction
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
