Meredith Corp. (MDP) posted a decrease in third-quarter net earnings to $21.17 million or $0.47 per share from $30.84 million or $0.67 per share a year earlier. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.66 for the quarter. Analysts' estimates typically exclude one-time items.
Howeverm total revenues increased to $345.51 million from $338.88 million in the previous year, whereas 6 analysts estimated revenues of $349.37 million for the quarter.
Looking ahead to the fourth quarter of fiscal 2012, Meredith sees earnings per share of $0.63 - $0.66. This range now includes approximately $0.10 of dilution related to Allrecipes.com.
Meredith expects fiscal 2012 earnings per share before the special charge to range from $2.47 - $2.50. This range now includes about $0.12 of dilution related to Allrecipes.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.