Media

Demand Media Trims Losses as Sales Rise

Published on May 8, 2012
by Rex Crum

Demand Media Inc. on Tuesday reported a fiscal first-quarter loss of $1.8 million, or 2 cents a share, on revenue, excluding traffic-acquisition costs, that rose 8.5 percent to $82.9 million

Analysts surveyed by FactSet Research had forecast Demand Media to earn 5 cents a share on $80.5 million in revenue.

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