Here's Why Meredith Corporation Stock Fell Today [The Motley Fool]
Meredith Corporation (MDP)
Last meredith corporation earnings: 2/6 08:00 am
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US:NYSE Investor Relations:
ir.meredith.com/investors/default.aspx
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Source: The Motley Fool
Jon Quast(TMFJaguar)Author BioAfter spending over a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. What's great about exploring business and the economy is the insight it gives you into how things are in the world. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform.Follow @@TMFJaguarWhat happenedShares of media companyMeredith CorporationNYSE:MDPWhile the quarter started in line with management's expectations, advertising revenue fell in late March due to the COVID-9 pandemic. The disappointing quarter sent Meredith Corporation stock to fresh -week lows:YChartsSo whatMeredith Corporation publishes magazines likePeopleMost the drop in advertising revenue is due to properties Meredith Corporation shut down during the last year. Only $7 million of the dec
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