Investing.com - NewYork Times reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NewYork Times announced earnings per share of $0.23 on revenue of $509.1M. Analysts polled by Investing.com anticipated EPS of $0.2025 on revenue of $499.13M.
NewYork Times shares are up 7.78% from the beginning of the year, still down 4.99% from its 52 week high of $58.73 set on January 27. They are outperforming the EUR/USD which is down 0% from the start of the year.
NewYork Times follows other major Services sector earnings this month
NewYork Times's report follows an earnings missed by Amazon.com on October 28, who reported EPS of $6.12 on revenue of $110.81B, compared to forecasts EPS of $8.9 on revenue of $111.55B.
Visa A had beat expectations on October 26 with fourth quarter EPS of $1.62 on revenue of $6.56B, compared to forecast for EPS of $1.55 on revenue of $6.52B.
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