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.