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NEW YORK — Martha Stewart Living Omnimedia Inc. reported a 13% drop in second-quarter net income and cautioned that results for the full year will miss estimates.
Martha Stewart Living said Wednesday net income totaled $5.2 million, or 11 cents a diluted share, compared with $6 million, or 12 cents a share, in the year-earlier period.
Results matched Wall Street expectations.
Revenue edged up 1% to $70 million from $69.2 million.
“We met financial expectations for the quarter in a difficult economic environment,” Chairman and Chief Executive Officer Martha Stewart said in a written statement.
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