Meredith Corp. Q2 adjusted earnings of $2.55 per share

Meredith Corp. (MDP) announced earnings for second quarter that decreased from the same period last year.

The company's profit totaled $87.0 million, or $1.43 per share. This compares with $159.4 million, or $3.49 per share, in last year's second quarter.

Excluding items, Meredith Corp. reported adjusted earnings of $140.0 million or $2.55 per share for the period.

The company's revenue for the quarter rose 104.3% to $853.5 million from $417.7 million last year.

Meredith Corp. earnings at a glance:

-Earnings (Q2): $140.0 Mln. vs. $61.4 Mln. last year.
-EPS (Q2): $2.55 vs. $1.34 last year.
-Revenue (Q2): $853.5 Mln vs. $417.7 Mln last year.

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