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The New York Times Co., Profit Falls In Q2

The New York Times Co., (NYT) announced earnings for second quarter that declined from last year.

The company's profit came in at $23.66 million, or $0.14 per share. This compares with $25.17 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn $0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.5% to $403.75 million from $436.26 million last year.

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

-Earnings (Q2): $23.66 Mln. vs. $25.17 Mln. last year.
-EPS (Q2): $0.14 vs. $0.15 last year.
-Analysts Estimate: $0.01
-Revenue (Q2): $403.75 Mln vs. $436.26 Mln last year.

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