Martha Stewart Living Omnimedia Earnings: Here’s Why Investors are Excited Now
Martha Stewart Living Omnimedia Inc. (NYSE:MSO) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.40%.
Martha Stewart Living Omnimedia Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.05 in the quarter versus EPS of $-0.05 in the year-earlier quarter.
Revenue: Decreased 25.35% to $37.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Martha Stewart Living Omnimedia Inc. reported adjusted EPS loss of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.08. It missed the average revenue estimate of $39.16 million.
Quoting Management: Dan Taitz, Interim Principal Executive Officer, said, “First quarter results were a bit better than expected on the bottom line but overall in line with our plans as we position MSLO for the future. Our restructured Publishing business delivered solid digital advertising growth and reduced expenses. Our Merchandising business is performing as anticipated and we recently began offering initial products in JC Penney stores and on jcp.com. Overall we remain focused on taking the right steps to drive more profitable revenue from our strong brands and return the Company to sustainable growth.”
Key Stats (on next page)…