New York Times Profit Tops Analysts’ Estimates on Digital Subscriber Gains

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By: Brett Pulley | Bloomberg

New York Times Co. (NYT), publisher of the namesake newspaper, topped analysts’ estimates for third-quarter earnings as online subscriptions helped boost circulation.

Earnings per share, excluding some items, fell to 5 cents, the New York-based company said in a statement today. That compared with the average estimate of 3 cents from analysts in a Bloomberg survey. Revenue fell 3.1 percent to $537.2 million. Analysts had projected $540.5 million.































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