Update: New York Times Shares Fall After Q2 Results

MT Newswires Live

08/06

(Updates with the company's latest stock move in the headline and first paragraph.)

The New York Times (NYT) shares were down 15% in Wednesday trading after the company reported its Q2 results.

The company posted quarterly adjusted earnings of $0.69 per diluted share, up from $0.58 a year earlier.

Analysts surveyed by FactSet expected $0.66.

Revenue for the quarter ended June 30 was $762.5 million, up from $685.9 million a year earlier.

Analysts polled by FactSet expected $752 million.

Price: 64.20, Change: -11.41, Percent Change: -15.09

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