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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.

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