logo
  

Meredith Maintains FY20 Outlook - Quick Facts

While reporting financial results for the first quarter on Thursday, Meredith Corp. (MDP) announced an unchanged guidance for the full-year 2020. The company also provided earnings outlook for the second quarter.

For fiscal 2020, the company continues to project earnings from continuing operations in a range of $2.38 to $2.69 per share, adjusted earnings from continuing operations in a range of $2.58 to $2.88 per share and adjusted earnings in a range of $5.75 to $6.20 per share on revenues between $3.0 billion and $3.2 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.78 per share on revenues of $3.08 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company projects earnings from continuing operations in a range of $0.73 to $0.86 per share and adjusted earnings in a range of $1.59 to $1.72 per share. The Street is looking for earnings of $1.70 per share for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tobacco giant Philip Morris International plans to stop selling cigarettes in the United Kingdom in the next decade, according to its CEO Jacek Olczak. In an interview with the Daily Mail Sunday, Olczak said the sales of the company's most popular product Marlboro cigarettes will also be stopped. The move is said to be part of the company's plan to phase out traditional tobacco products. Medallia, Inc. (MDLA), the global leader in customer and employee experience, announced Monday that it has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction that values Medallia at $6.4 billion. Under the terms of the agreement, Medallia... Shares of Philips Electronics NV were losing around 2 percent in the morning trading in Amsterdam as well as in pre-market activity on NYSE after the Dutch consumer electronics giant reported Monday weak profit due to a provision and lower orders in its second quarter, while sales were higher.
Follow RTT