Arrests made in killings of rural moms, their kids
Martha Stewart's company reels from surprising losses
NEW YORK - Martha Stewart Living Omnimedia Inc., reeling from an insider trading investigation of its namesake founder, chairman and chief executive, posted an unexpectedly large loss in the first quarter as revenue fell 15 percent.
Its shares fell more than 6 percent after the Wednesday morning report.
The multimedia company, which produces magazines, TV programs and merchandise, reported a loss of $4.51 million, or 9 cents per share, compared with a loss of $234,000, or break-even on a per share basis, in the year-ago period.
The company also offered a downbeat profit outlook, projecting a 3 to 5 cent a share loss from continuing operations in the second quarter. Analysts had projected a 5 cent a share profit.
"Our business results reflect considerable pressure associated with the continuing governmental investigations of my sale of noncompany stock," Stewart said in a statement
LONG PRAIRIE, Minn. - Two men arrested in a triple homicide in this rural town also are suspects in two deaths in their hometown of Minneapolis a week earlier, police said Thursday.
The bodies of Holly Chromey, 49, and her children, Katie Zapzalka, 18, and Jerrod Zapzalka, 16, were found Monday in their home in Long Prairie.
Their bodies were found April 17 and were slahed by a knife type of object.
Brief US Report
Published: Tue Jun 03, 2003 | Modified: Sat Aug 06, 2005 05:09 p.m.