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Flash: New York Times earnings top estimates

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The New York Times Co. (NYSE: NYT) today reported second quarter profit of $118.4 million, or 82 cents per share, compared with $59.6 million, or 41 cents, a year earlier. Excluding one-time items, profit was 34 cents, beating Wall Street estimates of 31 cents. Sales droped 3.7 percent to $788.9 million. For earnings release, click here, For the Bloomerg News story click here and for Reuters click here.

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Last updated: November 27, 2009: 02:20 AM

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