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New York Times beats estimates for quarterly revenue -Breaking

by Mike Robinson

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© Reuters. The New York Instances constructing is seen in Manhattan, New York, U.S., August 3, 2020. REUTERS/Shannon Stapleton

(Reuters) – The New York Instances Co reported better-than-expected quarterly income on Wednesday because it added extra digital subscribers, whereas attracting advertisers to its web site and apps.

It added 455,000 digital-only subscribers through the quarter.

Income within the third quarter rose 19.3% to $509.1 million, topping the typical analyst estimate of $499.1 million, in response to Refinitiv knowledge.

Internet revenue attributable to widespread stockholders rose to $54.7 million, or 32 cents per share, within the quarter from $33.6 million, or 20 cents per share, a yr earlier.

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