Meredith Corp. Announces 4% Retreat In Q4 Bottom Line

(RTTNews) - Meredith Corp. (MDP) revealed a profit for fourth quarter that decreased compared to the same period last year.

The company said its earnings dropped to $77.67 million, or $1.07 per share. This was down from $81.22 million, or $1.08 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.96 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.2% to $445.42 million. This was up from $435.78 million last year.

Meredith Corp. earnings at a glance:

-Earnings (Q4): $77.67 Mln. vs. $81.22 Mln. last year. -Earnings Decline (Y-o-Y): -4.4% -EPS (Q4): $1.07 vs. $1.08 last year. -EPS Decline (Y-o-Y): -0.9% -Analysts Estimate: $0.96 -Revenue (Q4): $445.42 Mln vs. $435.78 Mln last year. -Revenue Change (Y-o-Y): 2.2%