The New York Times Company (NYT - Free Report) was a big mover last session, as its shares rose over 8% on the day. The move came after the company delivered a second-quarter net profit of $15.6 million, or 9 cents a share, after a loss of $211,000, or breakeven on a per-share basis, in the same period a year ago. This led to too far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 10% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
NY Times currently carries a Zacks Rank #3 (Hold).
A better-ranked stock from the broader Consumer Staples space is Unilever PLC (UL - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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