Meredith Q4 Results Top Estimates - Quick Facts

(RTTNews) - Media and marketing company Meredith Corp. (MDP) reported Thursday that net earnings for the fourth quarter soared to $36.7 million from $6.2 million from last year, with earnings per share of $0.74, compared to loss per share of $3.84 in the prior-year quarter.

Excluding items, adjusted earnings from continuing operations were $1.11 per share, compared to adjusted loss from continuing operations of $0.14 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 17 percent to $717.9 million from $611.2 million in the same quarter last year. Analysts were expecting revenue of $690.22 million for the quarter.