Martha Stewart reports 2Q profit

Martha Stewart reports 2Q profit following loss in the same quarter last year

Associated Press

NEW YORK (AP) -- Martha Stewart Living Omnimedia Inc. (MSO) on Tuesday reported a second-quarter profit after posting a loss in the same period a year ago.

The New York-based company reported net income of $1.8 million, or 3 cents per share, compared with a loss of $1.2 million, or 2 cents per share, in the same quarter a year ago.

The media company said revenue declined 11 percent to $37.6 million from $42.2 million in the same quarter a year ago.

Martha Stewart Living shares have climbed 24 cents, or 5.7 percent, to $4.44 since the beginning of the year. The stock has risen $1.97, or 80 percent, in the last 12 months.


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Keywords:Martha Stewart,Earnings Report

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