Meredith Confirms Q2 And Full Year Guidance

Meredith, a media company, affirmed fiscal Q2 earnings per share in the range of $1.18 to 1.23, in line with the Street projection of $1.20.

The company said at a conference it continues to expect Q2 revenues to increase in the mid to high single digits from the same period a year ago, when the company reported revenues of $406.4 million. Analysts expect revenues of $435 million for Q2.

For the full year the company affirmed EPS guidance in the range of $3.50 to $3.80, straddling the Street estimate of $3.69. The company initially presented the guidance with its earnings release in October.