|
 NEW YORK (AP) - Martha Stewart Living Omnimedia Inc. said Thursday its third-quarter loss widened from a year ago, as charges associated with its reality prime-time TV show offset a solid rebound in advertising revenue in its publishing division.
The New York-based multimedia company also projected fourth-quarter earnings below Wall Street expectations, sending shares tumbling $3.23, or 15.2 percent, to close at $17.97 on the New York Stock Exchange, near the low end of their 52-week range of $16.82 to $37.45.
For the three months ended Sept. 30, Martha Stewart Living lost $26.07 million, or 51 cents per share, compared with a loss of $14.97 million, or 30 cents per share, in the year-ago period.
|
|