New York Times Q2 Adj $0.38 Beats $0.21 Estimate, Sales $590.90M Beat $578.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Times (NYSE:NYT) reported Q2 earnings of $0.38 per share, beating the analyst consensus estimate of $0.21 by 80.95%. This is a 58.33% increase from the same period last year. The company also reported quarterly sales of $590.90 million, beating the analyst consensus estimate of $578.14 million by 2.21%, a 6.34% increase from the same period last year.
August 08, 2023 | 11:05 am
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POSITIVE IMPACT
New York Times reported strong Q2 earnings and sales, both beating analyst estimates. This positive financial performance could potentially lead to a short-term increase in the company's stock price.
The New York Times has reported a significant increase in both earnings and sales for Q2, exceeding analyst expectations. This strong financial performance indicates a healthy financial state for the company, which is likely to be positively received by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100