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The New York Times Co., Q3 adjusted earnings Beat Estimates

The New York Times Co., (NYT) announced a profit for third quarter that decreased from last year.

The company's profit came in at $16.43 million, or $0.10 per share. This compares with $24.98 million, or $0.15 per share, in last year's third quarter.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.7% to $428.50 million from $417.35 million last year.

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

-EPS (Q3): $0.12 vs. $0.15 last year.
-Analysts Estimate: $0.10
-Revenue (Q3): $428.50 Mln vs. $417.35 Mln last year.

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