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Article: Meredith Reports Fiscal 2010 First Quarter Results.(Financial report)
- Article from:
- Marketing Weekly News
- Article date:
- November 14, 2009
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Meredith Corporation (NYSE:MDP), the leading media and marketing company serving American women, reported fiscal 2010 first quarter earnings per share of $0.40, compared to $0.41 in the year-ago period. Revenues were $332 million, compared to $364 million in the prior-year period.
Fiscal 2010 first quarter results included a benefit of $0.06 per share reflecting a favorable adjustment to deferred income tax liabilities as a result of state and local legislation enacted during the quarter. Excluding the tax benefit, first quarter earnings per share were $0.34, in-line with previously stated expectations. In the first quarter of fiscal 2010, Meredith recorded $5 ...