Meredith Q2 Profit Down

(RTTNews) - Meredith Corp. (MDP) Wednesday reported second-quarter profit of $30.57 million or $0.67 per share, down from $35.57 million or $0.79 per share in the same period last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $354.05 million from $360.60 million last year. Analysts expected revenues of $354.10 million.

Looking ahead to the fiscal 2014, the company continues to expect earnings in a range of $2.60 to $2.95 per share. Analysts currently expect full-year earnings of $2.82 per share.