Martha Stewart Living Omnimedia Inc. has filed amended statements with the Securities and Exchange Commission to reflect a restatement of its loss for the first half of the year.
Monday's filings confirmed the company's previous estimate for the restatement.
Martha Stewart Living said its net loss was $37.3 million, or 75 cents a share, for the six months ended June 30, compared with the loss of $39.6 million, or 80 cents a share, initially reported.
The New York-based media company restated because it changed its accounting policy for subscription acquisition costs in the third quarter.
In filings made with the SEC on Tuesday, Martha Stewart Living said it expects to finish 2004 with cash and investments of $130 million.
At the end of 2003, the company had cash and cash equivalents of $165.6 million. It had short-term investments of $3.1 million at Dec. 31.
Martha Stewart Living repeated that it expects a loss of 20 cents a share for its fourth quarter ending Dec. 31.
In a transcript of its third-quarter earnings conference call, the company said it expects total fourth-quarter revenue of $55 million.
Martha Stewart Living said it expects fourth-quarter publishing revenue of $25 million with an operating loss of $12 million; less than $1 million in television revenue with an operating loss of $2.5 million; $22 million in merchandising revenue with $70 million in operating income; and Internet direct commerce revenue of $6 million with a $2 million operating loss.
New York Stock Exchange-listed shares of Martha Stewart Living Omnimedia traded at $17.67, up 42 cents, or 2.4 percent early Tuesday afternoon.