Media company’s third-quarter earnings exceed expectations
- New York Times stock rises 3.8% in premarket trading
- Third-quarter profit and revenue beat analyst estimates
- Net income rose by 46% to $53.61 million
- Adjusted profit of 37 cents a share beat consensus estimate
- Revenue rose 9% to $598.4 million
- 10.08 million subscribers, including 9.4 million digital-only subscribers
The New York Times Co.’s stock rose 3.8% in premarket trading after the media company reported better-than-expected third-quarter earnings. Net income increased by 46% to $53.61 million, beating analyst estimates. Adjusted profit of 37 cents a share also exceeded expectations. The company’s revenue rose 9% to $598.4 million, surpassing the analyst estimate of $589.5 million. The New York Times ended the quarter with a total of 10.08 million subscribers, including 9.4 million digital-only subscribers.
Factuality Level: 8
Factuality Justification: The article provides specific financial data and compares it to analyst estimates, indicating that the information is based on factual data. The article does not contain any obvious bias or opinion masquerading as fact.
Noise Level: 8
Noise Justification: The article provides financial information about The New York Times Co.’s stock performance and third-quarter results. It includes specific numbers and compares them to analyst estimates. However, it lacks analysis of long-term trends, antifragility, accountability, scientific rigor, and actionable insights. It stays on topic and supports its claims with data and examples.
Financial Relevance: Yes
Financial Markets Impacted: The article pertains to the financial performance of The New York Times Co. and its impact on the company’s stock (NYT).
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article focuses on the financial performance of The New York Times Co. and does not mention any extreme events.
Public Companies: The New York Times Co. (NYT)
Key People:
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