NYT Posted $39.6 Million Operating Profit in Q3 FY2020
NEW YORK, 9th Nov. 2020-- US leading publishing newspaper New York Times announced its third-quarter 2020 results which diluted earnings per share from continuing operations of $.20 compared with $.10 in the same period of 2019.
Adjusted diluted earnings per share from continuing operations (defined below) was $.22 in the third quarter of 2020 compared with $.12 in the third quarter of 2019.
Operating profit increased to $39.6 million in the third quarter of 2020 from $25.1 million in the same period of 2019 and adjusted operating profit (defined below) increased to $56.5 million from $44.1 million in the prior year, as higher digital-only subscription revenues and lower costs more than offset lower advertising revenues.
Meredith Kopit Levien, president and chief executive office...