The New York Times Co. (NYT) Tops Q3 EPS by 11c
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New York Times warns of easing growth after news storm boosts results
November 5, 2020 7:16 AM EST(Reuters) - The New York Times (NYSE: NYT) warned on Thursday its robust digital growth may not be sustainable going ahead, easing expectations after reporting a strong quarter that benefited from a news coverage storm around the COVID-19 pandemic and the U.S. election.
The company's shares fell 5% on the sobering outlook, even as it achieved the key milestone of generating more revenue from digital sign-ups than print subscriptions.
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