Investing.com - NewYork Times reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NewYork Times announced earnings per share of $0.36 on revenue of $498.5M. Analysts polled by Investing.com anticipated EPS of $0.265 on revenue of $487.79M.
NewYork Times shares are down 16.53% from the beginning of the year, still down 26.43% from its 52 week high of $58.73 set on January 27. They are under-performing the EUR/USD which is down 0% from the start of the year.
NewYork Times follows other major Communication Services sector earnings this month
NewYork Times's report follows an earnings beat by Alphabet C on July 27, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Facebook had beat expectations on July 28 with second quarter EPS of $3.61 on revenue of $29.08B, compared to forecast for EPS of $3.04 on revenue of $27.85B.
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