Earnings: Meredith Corp. Delivers Rising Revenue, Profit
Meredith Corp (MDP) today reported fiscal third quarter 2010 earnings per share of $.73, a 30 percent increase from last year, and a 5 percent increase in revenue.
Meredith, which is the publisher of Better Homes And Gardens, Family Circle and Parents among other women-focused magazines, said it saw advertising rise 4 percent over the year, increased circulation revenues, and grew online advertising by more than 20 percent. The company didn’t cut expenses too severely—that happened last quarter.
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