NYTimes Profit Beats Views on Strong Digital Growth
![NEWYORKTIMES-SLIM](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/8a760af9-New-York-Times-Headquarters1.jpg?ve=1&tl=1)
Newspaper publisher New York Times Co reported a bigger-than-expected quarterly adjusted profit, as a 17 percent rise in digital subscription sales offset a decline in print advertising revenue.
The company's net loss attributable to common stockholders narrowed to $12.5 million in the third quarter from $24.2 million a year earlier.
Adjusted earnings from continuing operations rose to 3 cents per share from 1 cent per share. Analysts on average were expecting the company to breakeven on a per share basis, according to Thomson Reuters I/B/E/S.
Total revenue rose 0.8 percent to $364.7 million. (Reporting by Anya George Tharakan in Bangalore; Editing by Simon Jennings)