Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) Swings To Profit, Beats Street On EPS, Misses On Revenues

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Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) has announced Q2 results that beat the Street view on EPS but missed on total revenues. The company reported Q2 EPS of $0.03, up from a loss of $0.02 for Q2 2013 and beating analyst estimates of $0.02. The company reported total revenue of $37.62 million, down from $42.19 million in Q2 2013 and just missing analyst projections of $38.52 million.

“For the past several months, we have been focused on managing our costs and expenses without in any way sacrificing our high quality content and designs,” said Dan Dienst, Chief Executive Officer. “We saw the efforts of many of our talented staff pay off this quarter, which is the first profitable second quarter our Company has achieved since 2008. With the business stabilized, our business unit realignments behind us, and efficiencies and productivity measures being rigorously monitored, we are now keenly focused on the many growth opportunities ahead of us across all verticals and all geographies.”

Results for the quarter were impacted negatively by lower print and merchandising revenue partially offset by higher digital advertising revenue.

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