New York Times Shares Edge Higher After Q3 Earnings Beat on Digital Subscriber Growth
The New York Times Co. (NYSE: NYT) reported third-quarter earnings above expectations, driven by continued growth in its digital subscription business. Shares rose 2% in intra-day trading on Wednesday. Adjusted earnings per share were 0.53. Revenue totaled 686.77 million consensus forecast. While the company did not specify year-over-year revenue growth, the strong performance underscored its ability to expand despite challenges in the broade ...