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Meredith Q3 Profit Slides - Quick Facts

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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
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