The New York Times cost cutting tactics takes 4q results soaring.
Successful Fourth Quarter results put The Times as a must watch.
Wall Street Grand LLC, Which Provides its Members as well as The Stock Market Community with the Latest Hot Topics, Exclusive Information, Top Stock Picks, and Market Moving News would like to present to its readers the Latest News regarding The New York Times Co. (NYSE:NYT) boosted 4th quarter results due to cost cutting … The New York Times Co. trades on the “New York Stock Exchange” under the Stock Symbol,”NYT”. For the Latest information regarding “NYT”, make sure to visit the Most Exclusive and In Depth newsletter website at:http://www.wallstreetgrand.com/.
Join today and be part of the best free investment newsletter on the web where we focus on market moving news.
The New York Times Co. (NYSE:NYT) says its fourth-quarter earnings climbed remarkably, which was triggered by cost cutting. Layoffs and other cost-cutting steps assisted The New York Times Co. to earn approximately $90.9 million, or 61 cents per share. At the same time exactly 1 year ago, their earnings were $27.6 million, or 19 cents per share.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
Disclaimer:
Wall Street Grand LLC has not been compensated by the company for this press release and does not expect to be compensated in the future for any type of awareness. To read our full disclaimer click the link http://www.wallstreetgrand.com/disclosure.html.
Thank you for your interest in Findit News. A member of the Findit News team will contact you soon to show you how you can take your marketing to the next level with press releases on Findit.
