Meredith Corp.: Fiscal 4Q Earnings Snapshot
DES MOINES, Iowa (AP) _ Meredith Corp. (MDP) on Thursday reported a loss of $13 million in its fiscal fourth quarter.
The Des Moines, Iowa-based company said it had a loss of 72 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 85 cents per share.
The media and marketing company posted revenue of $785.6 million in the period.
Meredith Corp. expects full-year earnings to be $2.58 to $2.88 per share, with revenue in the range of $3 billion to $3.2 billion.
Meredith Corp. shares have fallen 16% since the beginning of the year. The stock has declined 15% in the last 12 months.