logo
  

Meredith Q4 Results Top Estimates - Quick Facts

Media and marketing company Meredith Corp. (MDP) reported Thursday that net earnings for the fourth quarter soared to $36.7 million from $6.2 million from last year, with earnings per share of $0.74, compared to loss per share of $3.84 in the prior-year quarter.

Excluding items, adjusted earnings from continuing operations were $1.11 per share, compared to adjusted loss from continuing operations of $0.14 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 17 percent to $717.9 million from $611.2 million in the same quarter last year. Analysts were expecting revenue of $690.22 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ward Hill, Massachusetts-based Cedar's Mediterranean Foods is recalling Cedar's Organic Mediterranean Hommus citing undeclared pine nut, an allergen, the U.S. Food and Drug Administration said. The Cedar's Organic Mediterranean Hommus is packaged in a 10 oz. plastic container, with a UPC Code: 044115403028. Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up to $0.6 billion of shares during the fourth quarter. The company will provide strategic update on February 1, 2022. HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly.
Follow RTT