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 Biotech Investor.
Editors Pick
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. AstraZeneca's efforts to supply Covid-19 vaccine doses from its Italian unit to Australia has been blocked by the European Union and the Italian Government, citing Australia being non-vulnerable region and delays in domestic supply, among others. Italy's proposal to deny AstraZeneca's request for authorization to export COVID-19 vaccines was subsequently approved by the European Commission. Chipotle Mexican Grill, Inc. is teaming with e.l.f. Cosmetics to launch a limited edition beauty collection on March 10, aiming to support plant-based lifestyles and responsibly-sourced products. The e.l.f. x Chipotle makeup collection will comprise cruelty-free and vegan products inspired by Chipotle's responsibly-raised food.
Follow RTT