Wall Street’s Demand for Demand Media Falls Off
After the markets close tomorrow, Demand Media will report its second-quarter earnings.
Wall Street is expecting a solid performance from the Santa Monica, Calif.-based online content maker compared to last year.
The consensus of estimates by analysts is for Demand to lose one cent a share, which is much smaller than the 55 cents a share loss from the same period a year ago. It is also an improvement on a previous loss of five cents a share for this quarter that investors had been predicting.
Nonetheless, the company’s stock hit its all-time low yesterday, after a strong IPO in January. Since the summer, it’s been all downhill, with Demand shares off 50.4 percent since early May.
Since it went public, the stock is off 63.1 percent.