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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:16 EDTMDPMeredith downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Meredith after assuming coverage of the stock but raised its price target for shares to $43 from $38. Piper thinks Meredith shares are fully valued at current levels based on core fundamentals.
News For MDP From The Last 14 Days
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January 29, 2015
09:05 EDTMDPMeredithand and FTD Companies renew brand licensing agreement
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January 28, 2015
09:21 EDTMDPMeredith sees Q3 EPS 66c-71c, consensus 70c
While Meredith expects the addition of the Shape brand to be accretive to earnings for full fiscal 2015, Meredith expects it will be 4c dilutive to earnings per share in its third fiscal quarter. This is due to the timing of certain expenses occurring prior to the generation of revenue.
09:21 EDTMDPMeredith sees FY15 EPS $3.25-$3.35, consensus $3.18
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09:19 EDTMDPMeredith reports Q4 Local Media Group revenue $157M
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09:19 EDTMDPMeredith reports Q2 EPS excl items $1.00, consensus 98c
Reports Q2 revenue $398.91M, consensus $393.67M
09:06 EDTMDPMeredith to acquire Shape brand from American Media
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January 20, 2015
10:17 EDTMDPMeredith's Allrecipes Magazine increases rate base to 1.1M
Meredith Corporation announced the rate base of Allrecipes magazine has been increased to 1.1 million, beginning with the February/March 2015 issue on newsstands now. This marks the brand's third rate base increase and a 120% growth since the magazine launched with a rate base of 500,000 in November 2013.

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