Martha Stewart Living Omnimedia (NYSE:MSO) announced on Monday that it recorded a net loss of $2.7 million during its fiscal first quarter, less than the $2.9 million loss posted during the same period last year.
EPS showed a loss of 4 cents, compared to a loss of 5 cents last year. That still beat analysts who had expected a loss of 7 cents a share, the Wall Street Journal noted.
The media and lifestyle products company said it received $47.9 million in quarterly revenue, up 13% from 2011.
Wall Street had predicted revenue of $51.8 million.
Revenue from its publishing operations dropped 16% to $28.8 million, but revenue from merchandising increased 12% to $14.5 million.
CEO Lisa Gersh said that weakness in publishing meant it would take longer than anticipated for the company to return to profitability.
The company is facing litigation related to its effort to sell merchandise at J.C. Penney (NYSE:JCP) stores.
Shares of Martha Stewart Living Omnimedia rose fractionally in Monday afternoon trading.