Meredith (MDP, $53.34) beats earnings estimate, but falls short of revenue expectation

On Monday, Meredith Corp. reported fiscal second-quarter earnings of $2.55 a share, beating analysts’ estimate of $1.29 a share. The publishing company’s quarterly revenue of $854 million was more than twice the year-ago quarter’s $418 million. However, the revenue figure fell short of analysts’ expected $859.3 million.

For full year fiscal 2019, the company is expecting to generate revenue  in the range of $3 billion to $3.2 billion. It hopes to see a substantial boost in its comparable advertising revenue.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.