Meredith Corp. (MDP) Reports Q3 Revenues Above Estimates

Meredith Corp. (NYSE: MDP) reported Q3 EPS of ($2.74), versus $0.69 reported last year. Revenue for the quarter came in at $648.8 million versus the consensus estimate of $437.2 million.

OUTLOOK

Looking more closely at the fourth quarter of fiscal 2018, Meredith expects:

• National Media Group revenues to range from $590 million to $600 million.
• Local Media Group revenues to range from $190 million to $195 million.
• Total Company net earnings to range from $32 million to $44 million. These amounts include estimates for expected special items. Actual results may include additional special items that have not yet occurred and are difficult to predict with reasonable certainty at this time.
• Total Company adjusted EBITDA to range from $153 million to $158 million. (See Table 6 for supplemental disclosures regarding non-GAAP financial measures.)

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

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