New York Times beats estimates, adds 300,000 digital subscribers

New York Times beats estimates, adds 300,000 digital subscribers

NEW York Times reported second-quarter earnings that beat analysts’ expectations, as the company continues to grow its subscriber count. The newspaper publisher reported earnings of 45 cents a share on Wednesday (Aug 7), excluding some items. The results topped Wall Street estimates of 41 cents a share. Revenue totalled US$625.1 million compared with expectations of…

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Walt Disney earnings beat market estimates; profit slips at parks

Walt Disney earnings beat market estimates; profit slips at parks

WALT Disney reported on Wednesday (Aug 7) quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film Inside Out 2, which helped overcome a profit decline at theme parks. Shares of the company rose nearly 3 per cent in premarket trading. April-to-June operating income nearly tripled at its Entertainment unit,…

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Hilton lifts 2024 profit forecast on international travel demand

Hilton lifts 2024 profit forecast on international travel demand

HOTEL operator Hilton Worldwide raised its forecast for 2024 profit on Wednesday (Aug 7), banking on international travel demand to remain strong and offset losses from normalising domestic travel in the US. It expects a full-year profit between US$6.93 and US$7.03 per share, compared with its previous forecast of US$6.89 to US$7.03. Travel companies have…

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