Investing.com - NewYork Times reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NewYork Times announced earnings per share of $0.22 on revenue of $426.9M. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $412.46M.
NewYork Times shares are down 7% from the beginning of the year, still down 13.27% from its 52 week high of $47.79 set on August 6. They are outperforming the CAC 40 which is down 16.91% from the start of the year.
NewYork Times follows other major Services sector earnings this month
NewYork Times's report follows an earnings beat by Amazon.com on October 29, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of $17.97 on revenue of $155.06, compared to forecast for EPS of $14.18 on revenue of $155.88B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar