Investing.com - Meredith reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Meredith announced earnings per share of $0.53 on revenue of $664.5M. Analysts polled by Investing.com anticipated EPS of $0.3248 on revenue of $674.61M.
Meredith shares are up 15% from the beginning of the year and are trading at $31.94 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.02% from the start of the year.
Meredith follows other major Services sector earnings this month
Meredith's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.73B, compared to forecasts EPS of $1.27 on revenue of $5.56B.
Comcast had beat expectations on Thursday with first quarter EPS of $0.76 on revenue of $27.21B, compared to forecast for EPS of $0.5852 on revenue of $26.72B.
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