Shares of Meredith (NYSE:MDP) decreased 2.65% in pre-market trading after the company reported Q3 results.
Earnings per share fell 5.77% year over year to $0.49, which missed the estimate of $1.10.
Revenue of $701,700,000 declined by 5.61% year over year, which missed the estimate of $720,830,000.
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: May 14, 2020
Time: 11:35 PM ET
Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.meredith.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2159757&sessionid=1&key=E237466AFECECAF42DEC6AAF423CB825®Tag=&sourcepage=register
Company's 52-week high was at $58.55
Company's 52-week low was at $10.55
Price action over last quarter: down 63.10%
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.