Plus   Neg

Stock Alert: Meredith Corporation Up 22% On Quarterly Results

Shares of media company Meredith Corporation (MDP) are surging more than 22% Thursday morning after reporting better-than-expected first-quarter results.

Earnings from continuing operations for the first quarter were $0.88 per share compared with loss of $0.17 per share in the same quarter a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 share.

Revenue for the quarter was $693.5 million, down 4 percent from the prior-year period. The consensus estimate was for $659.96 million.

MDP is currently at $13.48, and has been in the range of $10.01- $39.84 in the last one year.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Intelligent Investor.
Editors Pick
DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The company will use existing cash balances for the acquisition. The transaction is expected to close in the third quarter of 2021, subject to regulatory... Hu Products has recalled a single production lot of the Hu Chocolate Covered Hunks - Sour Goldenberries Product citing the possible presence of undeclared almonds, an allergen, the U.S. Food and Drug Administration said. The recall involves 4 oz. bags of the Hu Chocolate Covered Hunks - Sour Goldenberries with UPC code of 850180006510, Best By Date of 08/2021, and Lot Code of 202891. Polaris Industries Inc. recalled about 15,800 units of Off-Road and Utility Vehicles in North America for possible crash hazard, according to a statement issued by the U.S. Consumer Product Safety Commission. There were also an additional 711 units sold in Canada.
Follow RTT