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New York Times reports Q2 adjusted EPS 58c, consensus 51c

Reports Q2 revenue $685.87M, consensus $669.66M. Meredith Kopit Levien, president and chief executive officer, The New York Times (NYT) Company, said, “We had a great second quarter across the board, and our strategy continues to work as designed. We grew all of our major revenue lines and we’re generating significant free cash flow. That, combined with a strong balance sheet, means we can keep investing in the unparalleled journalism and best-in-class product portfolio that we see as our enduring advantage. All of which makes us confident that continued execution against our strategy will deliver even more value to even more people, and result in a larger and more profitable business.”

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