What's Going On With New York Times Stock Monday?

New York Times (NYSE:NYT) shares are moving lower on Monday. The company reported third-quarter financial results before the open. In addition, hundreds of employees represented by the Times Tech Guild have reportedly gone on strike.

Q3 Earnings Details: The company reported adjusted earnings of 45 cents per share, beating analyst estimates of 41 cents per share. The company reported sales of $640.2 million, marking a 7% year-over-year increase, but missing analyst estimates of $640.8 million, according to Benzinga Pro.

New York Times reported total advertising revenue of $118.4 million, total subscription revenue of $453.3 million and other revenues of $68.5 million. Growth in the other revenue segment was ...