Investing.com - Meredith (NYSE:MDP) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Meredith announced earnings per share of $-0.14 on revenue of $611.2M. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $612.76M.
Meredith shares are down 50.97% from the beginning of the year, still down 67.51% from its 52 week high of $49.00 set on August 13, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Meredith shares lost 5.78% in pre-market trade following the report.
Meredith follows other major Services sector earnings this month
Meredith's report follows an earnings beat by Amazon.com on July 30, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on July 28 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar