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Wednesday, November 04, 2009
Martha Stewart Living Omnimedia's Losses Widen in 3Q
By Darryl R. Isherwood
FOXBusiness
Martha Stewart Living Omnimedia Inc. (MSO) saw its third-quarter losses widen on lower revenue and slumping ad sales.
The results missed analysts’ expectations.
For the third quarter, the company reported losses of $12.1 million or 22 cents per share, compared with $3.7 million or 7 cents a year earlier. Revenue decreased 25% to $49.8 million.
Analysts had expected a 9 cent loss on $51.3 million in revenue.
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