Martha Stewart Q3 Loss Widens

(RTTNews) - Martha Stewart Living Omnimedia, Inc. (MSO) Tuesday reported a wider third-quarter loss, due mainly to a decline in print advertising revenues.

Net loss widened to $10.87 million or $0.19 per share, from $4.3 million or $0.06 per share last year.

On average, two analysts polled by Thomson-Reuters estimated a loss of $0.07. Analysts' estimates typically exclude one-time items.

Total revenues declined to $29.81 million from $33.85 million. Analysts projected revenues of $33.25 million.

Publishing revenues were down to $15.98 million, by about $3.4 million, and merchandising revenues were down to $13.69 million by about $0.5 million.