RTTNews | Aug 4, 2021 07:16AM EDT

07:15 Wednesday, August 4, 2021 (RTTNews.com) - The New York Times Co., (NYT) reported a profit for its second quarter that climbed from the same period last year.

The company's profit came in at $54.32 million, or $0.32 per share. This compares with $23.66 million, or $0.14 per share, in last year's second quarter.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.5% to $498.49 million from $403.75 million last year.

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

-Earnings (Q2): $54.32 Mln. vs. $23.66 Mln. last year.-EPS (Q2): $0.32 vs. $0.14 last year.-Analysts Estimate: $0.27-Revenue (Q2): $498.49 Mln vs. $403.75 Mln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3215744/the-new-york-times-co-reveals-increase-in-q2-bottom-line.aspx)

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