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Meredith Q3 Profit Slides - Quick Facts

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Meredith Corp. (MDP: Quote) 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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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This apparel maker has doubled its earnings per share in just two years and regularly increasing its annual earnings forecast, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's top-line and bottom-line results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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