Times Earnings Way Below Expectations
Ryan Tate · 04/18/08 03:29AM
"The New York Times Company reported a $335,000 first-quarter loss on Thursday in a performance that fell far short of both analysts' expectations and its $23.9 million profit in the quarter a year earlier. The loss was a fraction of a penny per share, compared with the average analyst forecast of earnings of 14 cents and the 17 cents earned in the first quarter of 2007." [Times]