Meredith Corp. (MDP) posted an improvement in third-quarter net earnings to $29.42 million, or $0.65 per share, from $21.17 million, or $0.47 per share, last year. The recent quarter results included a special item of $5 million for professional fees and expenses related to a previously disclosed transaction that did not materialize, the company added.
Excluding special items, fiscal 2013 third quarter earnings per share amounted to $0.72. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.68 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the period rose 7 percent to $370 million, from $345.5 million a year earlier. Analysts estimated revenues of $354.43 million for the quarter.
For fiscal 2013 fourth quarter, Meredith expects earnings per share before special items to range from $0.68 to $0.73, while 6 analysts project fourth-quarter earnings of $0.74 per share.
For fiscal 2013, Meredith sees earnings per share before items to be toward the upper end of the original $2.60 to $2.95 range established at the beginning of fiscal 2013. Analysts estimate full-year earnings of $2.85 per share.
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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.