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 $0.24 on revenue of $555.68M. Analysts polled by Investing.com anticipated EPS of $0.187 on revenue of $552.65M.
NewYork Times shares are up 9% from the beginning of the year, still down 44.58% from its 52 week high of $56.19 set on November 2, 2021. They are outperforming the S&P 500 which is down 14.16% from the start of the year.
NewYork Times follows other major Communication Services sector earnings this month
NewYork Times's report follows an earnings missed by Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Meta Platforms had missed expectations on July 27 with second quarter EPS of $2.46 on revenue of $28.82B, compared to forecast for EPS of $2.54 on revenue of $28.91B.
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