The New York Times Co. (NYT) on Thursday reported a third-quarter loss of $12.5 million.
The New York-based newspaper publisher said it had a loss of 8 cents per share. Earnings, adjusted for severance costs and non-recurring costs, were 3 cents per share.
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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
Revenue came to $364.7 million in the period, also topping Street forecasts. Analysts expected $363.5 million, according to Zacks.
Shares of The New York Times Co. fell 80 cents, or 6 percent, to $12.60 in midday trading Thursday, leaving it down 21 percent in 2014.
Elements of this story were generated by Automated Insights using data from Zacks Investment Research. NYT stock research report from Zacks.
Keywords:The Times,Earnings Report