Martha Stewart Living Beats Estimates
Dow Jones /Associated Press
Martha Stewart Living Omnimedia Inc. beat the Wall Street estimate for first-quarter earnings by 1 cent, despite the bankruptcy filing at one of the company’s major outlets, Kmart Corp.
In the first quarter, Martha Stewart Living earned $2.9 million, or 6 cents a share, on revenue of $68.7 million. In the same quarter a year ago, it earned $6.2 million, or 13 cents a share, on revenue of $70.3 million.
Martha Stewart Living shares closed at $18.72, up 7 cents, or 0.3%, on the NYSE, after earnings were released.
