Investing.com - Meredith (NYSE:MDP) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Meredith announced earnings per share of $1.04 on revenue of $693.5M. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $663.46M.
Meredith shares are down 16% from the beginning of the year, still down 65.46% from its 52 week high of $39.84 set on November 7, 2019. They are under-performing the Nasdaq which is up 32.28% from the start of the year.
Meredith shares gained 24.75% in intra-day trade following the report.
Meredith follows other major Services sector earnings this month
Meredith's report follows an earnings beat by Amazon.com on October 29, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of $17.97 on revenue of $155.06B, compared to forecast for EPS of $14.18 on revenue of $155.88B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar