Dow Jones Says Soft Advertising to Hurt Fourth-Quarter Earnings
Dow Jones
(DJ)
expects earnings for the fourth quarter to fall short of analysts' expectations, as advertising demand has softened.
The financial news provider and publisher of
The Wall Street Journal
said it expects earnings, before unusual items, of 83 cents to 86 cents a share. Analysts expect the company to earn 92 cents a share for the quarter, according to
First Call/Thomson Financial
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.
The New York Times
(NYT) - Get New York Times Company Class A Report
said today it expects its 2000 earnings per share to meet analysts' expectations, citing "continued strength in national advertising."
Shares of Dow Jones were recently trading down $3.06, or 5.2%, to $56.25 in
New York Stock Exchange
composite trading, just above its 52-week low of $55.13.
