By David B. Wilkerson, CBS.MarketWatch.com
SAN FRANCISCO (CBS.MW) -- The New York Times Co. said after the market closed Wednesday that it expects to post second-quarter earnings that are within the range of analyst estimates.
The company said it sees earnings per share of 47 cents to 52 cents a share in the June period, in line with the range of forecasts compiled by Thomson First Call.
For the full year, earnings per share are seen rising by a "low- to mid-single-digit" percentage over the 2003 total of $1.98.
In May, the newspaper publisher's advertising revenue rose 3.6 percent, to $169.8 million, compared to the same month a year ago. National ad revenue rose 1.9 percent to $69 million, while revenue from classified ads climbed 5.4 percent to $47.8 million.
Shares /zigman2/quotes/202090840/composite NYT +2.58% fell 27 cents to close at $45.89 ahead of the news.