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Business News » World News

New York Times posts profit in second quarter

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Updated: Thu, Jul 27, 2017
06:09 pm
Reuters

The New York Times Co on Thursday reported a profit in the second quarter compared to a year-ago loss as the newspaper publisher signed up more digital subscribers.

The company reported a profit of $15.6 million in the second quarter compared to a loss of $211,000, a year earlier.

On a per-share basis, the company earned 9 cents per share in the latest quarter.

Revenue rose 9.2 percent to $407.1 million.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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