Time Inc Beats Earnings Expectations, Delivers Profit Bump

Time Inc. (TIME) beat Wall Street’s projections for its second quarter earnings despite sinking revenue in print, circulation, newsstand and more.

The media giant delivered $0.22 per share on revenue of Revenue fell to $773 million, down from $820 million a year ago. The company said the stronger U.S. dollar relative to the British pound cost it $10 million for the quarter.

The performance beat Wall Street’s projections on earnings. According to Yahoo Finance, the consensus...

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