New York Times Company (NYT), swung to a net profit for the quarter ended Sep. 27, 2015. The company has made a net profit of $9.42 million, or $ 0.06 a share in the quarter, against a net loss of $12.50 million, or $0.08 a share in the last year period. On an adjusted basis, earnings per share from continuing operations were at $0.09 for the quarter compared with $0.03 in the same period last year.

Revenue during the quarter went up marginally by 0.74 percent to $367.40 million from $364.72 million in the previous year period. Gross margin for the quarter expanded 281 basis points over the previous year period to 58.62 percent. Operating margin for the quarter period stood at positive 5.97 percent as compared to a negative 2.48 percent for the previous year period.

Operating income for the quarter was $21.93 million, compared with an operating loss of $9.03 million in the previous year period.

However, the adjusted operating income for the quarter stood at $47.64 million compared to $40.04 million in the prior year period. At the same time, adjusted operating margin improved 199 basis points in the quarter to 12.97 percent from 10.98 percent in the last year period.

"This was a strong quarter for The New York Times Company. We achieved significant growth in adjusted operating profit with strength across many areas of our business," said Mark Thompson, president and chief executive officer.