Meredith Corp. (MDP) Tops Q1 EPS by 1c

Meredith Corp. (NYSE: MDP) reported Q1 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $385 million versus the consensus estimate of $383.4 million.

Meredith Corp. reaffirmed FY2015 EPS of $2.90-$3.25, versus the consensus of $3.07.

"Strong digital performance and contributions from our recent acquisitions in both businesses - along with solid non-political advertising in our Local Media Group - partially offset the absence of political advertising in the quarter," said Meredith Chairman and CEO Stephen M. Lacy. "Looking ahead to our second quarter of fiscal 2016, we're pleased to see much stronger advertising demand for our National Media Group brands - which we now expect will be up more than 15 percent and produce strong operating profit growth for the Group."

For earnings history and earnings-related data on Meredith Corp. (MDP) click here.

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