Why The New York Times Company Stock Was Winning This Week

"The Gray Lady" of the media was anything but boring as a stock this week. The New York Times Company (NYSE: NYT), anchored by the iconic daily newspaper, generated its own bullish headlines from its latest quarterly earnings report. A clutch of analyst price target raises also benefited the stock.As of early Friday morning, according to data compiled by S&P Global Market Intelligence, NYT shares were up more than 11% in value week to date.Fueled by growth in digital ad revenue and online subscriptions, two important pillars for its business, NYT's second-quarter revenue grew almost 10% year over year to nearly $686 million. Generally accepted accounting principles (GAAP) net income increased more robustly, advancing by 27% to slightly under $83 million for the period. Per-share, non-GAAP (adjusted) profitability also saw a satisfying rise, to $0.58 from $0.45. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool