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The New York Times Co., Profit Declines In Q3

The New York Times Co., (NYT) revealed earnings for third quarter that dropped from last year.

The company's profit came in at $24.97 million, or $0.15 per share. This compares with $32.33 million, or $0.20 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $417.35 million from $385.63 million last year.

The New York Times Co., earnings at a glance:

-Earnings (Q3): $24.97 Mln. vs. $32.33 Mln. last year.
-EPS (Q3): $0.15 vs. $0.20 last year.
-Analysts Estimate: $0.11
-Revenue (Q3): $417.35 Mln vs. $385.63 Mln last year.

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