New York Times Co (NYSE:NYT) shares were up on Wednesday following news of its earnings report.

New York Times reported diluted earnings of 24 cents a share for the fourth quarter of 2014. This is up 2 cents from the 22 cents a share reported in the fourth quarter of 2015.

New York Times reported operating profit of $62.4 million for Q4 2014. This is down from the $68.9 million reported the same time last year. However, the company notes that profit was offset by severance expenses from labor cuts.

New York Times also reported an increase in paid digital subscribers in Q4 2014. The company reported 910,000 paid digital subscribers for the quarter, which is a huge jump from the 150,000 from Q4 2013.

NYT shares have been trading at roughly four times its normal volume today. The stock has an average dollar-volume of $10.8 million and is considered a strong on high relative volume candidate by Trade-Ideas, reports The Street.

NYT shares were up 5% as of Tuesday afternoon.

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