Martha Stewart Living Omnimedia (MSO) Misses Q1 EPS by 6c, Sales Light

Martha Stewart Living Omnimedia (NYSE: MSO) reported Q1 EPS of ($0.05), $0.06 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $17.1 million versus the consensus estimate of $18.66 million.

"MSLO begins a new era in 2015, marked by a more efficient, asset-light company focused on designing high-quality products and creating award-winning content. We saw the benefits of the partnership with Meredith Corporation begin to take hold in the first quarter as reflected in a 65% reduction in Publishing segment operating expenses over the prior-year period," said CEO Dan Dienst. "We are fully focused on top-line growth by continuing to create our highly monetizable licensed content, and as evidenced by our new relationship with Staples and the expansion of our product line at PetSmart, Inc. Our efforts on the international front continue to move ahead as we shape plans to launch partnerships in multiple geographies abroad, consistent with our update on the fourth quarter earnings call."

For earnings history and earnings-related data on Martha Stewart Living Omnimedia (MSO) click here.

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