Shares of Meredith MDP moved higher by 0.7% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were down 107.82% over the past year to ($0.14), which missed the estimate of $0.29.
Revenue of $611,200,000 declined by 22.20% from the same period last year, which missed the estimate of $641,640,000.
Outlook
Meredith hasn't issued any earnings guidance for the time being.
Meredith hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Aug 13, 2020
Time: 08:30 AM
Recent Stock Performance
Company's 52-week high was at $49.00
52-week low: $10.01
Price action over last quarter: Up 38.29%
Company Profile
Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.
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