Investing.com - NewYork Times reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NewYork Times announced earnings per share of $0.43 on revenue of $594.2M. Analysts polled by Investing.com anticipated EPS of $0.345 on revenue of $579.21M.
NewYork Times shares are down 14.58% from the beginning of the year, still down 26.57% from its 52 week high of $56.19 set on November 2, 2021. 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 Tuesday, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.78 on revenue of $72.19B.
Comcast had beat expectations on January 27 with fourth quarter EPS of $0.77 on revenue of $30.34B, compared to forecast for EPS of $0.7301 on revenue of $29.62B.
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