7:33 am Martha Stewart beats by $0.10, beats on revs (MSO) : Reports Q4 (Dec) earnings of $0.12 per share, $0.10 better than the Capital IQ Consensus Estimate of $0.02; revenues fell 16.0% year/year to $47.4 mln vs the $45.4 mln consensus.
"As promised, we also took some aggressive and important steps in the last quarter of 2013 to align our cost structure with marketplace realities and more importantly to become nimbler, more efficient, generators of ideas, inspirations, content and product. We also promised to put to bed several pieces of notable and distracting litigation, and we did so." Mr. Dienst continued, "With some of the best, brightest and most passionate employees in our business lines -- all of whom have embraced our new way of chasing opportunities as One Company - we are very excited about the groundwork we will lay in 2014 for tapping our esteemed brand's fullest potential."
