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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (71945)9/20/2004 10:24:26 AM
From: Sully-  Read Replies (1) of 793931
 
08:59 ET <font size=4>New York Times revises Q3 & Y04 guidance below consensus<font size=3> (NYT) 40.80: Company revises guidance, now sees Q3 EPS of $0.30-0.33, vs the Reuters Estimates consensus of $0.35, and sees Y04 EPS at or slightly below Y03 EPS of $1.98, vs consensus of $2.03 and prior guidance of "low-to mid-single digit" growth over Y03 results. "September's performance to date, which has been negatively affected by the timing of the Labor Day weekend (normally a period of reduced advertising), has failed to demonstrate the kind of consistent revenue growth we had been looking for as we reach the fall."
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