New York Times beats market expectations for both Q3 profit and revenue
NYT New York Times Co
$72.17 +5.57%
View chart & analysis → - 1The New York Times reported a third-quarter profit of $97.4 million.
- 2The New York Times' third-quarter earnings per share of 68 cents, adjusted for one-time gains and expenses, exceeded market expectations.
- 3Revenue of $768.5 million for the period surpassed Wall Street forecasts.
So what's the key point?
The money and profit earned by the New York Times in the third quarter were higher than what experts predicted. This means the company performed better financially than the market expected.
Source Associated Press +1 · View original ↗
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