Sometimes, Wall Street and investors care more about what’s to come, rather than what just transpired. That’s most certainly the case with Meredith Corp., owner of 17 broadcast television stations and a bevy of national lifestyle brands and their associated glossy publications.
The company’s fiscal Q4 earnings, released Thursday, results beat Street estimates. Unfortunately, its fiscal 2020 outlook is dismal. This sent Meredith shares tumbling by nearly 25%.