Kara Swisher in Media on May 5, 2011 at 2:13 pm PT
Today, after Demand Media beat Wall Street expectations, its cheerful execs got on the horn with investors to explain how it plans to beat the Panda.
That would be the beastly name for Google’s rejiggering of its search algorithm, in order to rid search results of poor quality content.
BoomTown liveblogged the event, of course.
Kara Swisher in Media on May 5, 2011 at 1:39 pm PT
Demand Media handily beat Wall Street expectations in its first quarter results today, released after the market closed.
The company reported revenue of $79.5 million and six cents a share in adjusted net income.
Investors were expecting the company to report about $69.6 million in revenue for the three months, with four cents a share in profits.
On a GAAP basis, net loss per share was 13 cents compared to 94 cents a year ago.
Kara Swisher in News on October 29, 2010 at 8:18 am PT
Demand Media, which posted its regulatory S-1 filing in August, filed an amended version today that is likely to allow it to move quickly to an initial public offering.
It now must now wait for the Securities and Exchange Commission to approve the filing, after the which the execs of the Santa Monica, Calif.-based Demand will immediately to go on a road show for several weeks to try to convince investors to jump on board.
Then, if there’s enough interest, the IPO is likely to come before the holidays.
John Paczkowski in News on March 18, 2010 at 1:22 pm PT
No surprise, following Palm’s dismaying February warning: The earnings news today is grim, though a bit less so than some had feared. The good news: Palm’s loss wasn’t as bad as expected. The bad news: The company is not selling very many smartphones and fourth-quarter revenue is going to be lousy.
John Paczkowski in News on December 17, 2009 at 1:26 pm PT
The second-quarter loss Palm reported Thursday afternoon was narrower than the one it reported last year, but still fell far short of what Wall Street had been expecting. The company did manage to ship a total of 783,000 smartphone units during the quarter, though, a five percent decrease from last quarter but a year-over-year increase of 41 percent.
John Paczkowski in News on November 25, 2009 at 6:01 am PT
With Sun Microsystems beginning to founder as it awaits European Commission clearance of its acquisition by Oracle, a group of U.S. senators is urging the European Commission to speed up its approval of the deal. In an open letter, the group essentially tells European regulators to “get on with it,” warning that further delay could result in additional layoffs at Sun.
John Paczkowski in News on August 6, 2009 at 7:19 am PT
This week has been a good one for Sirius XM Radio. The company’s shares spiked, rising about 20 percent to 54 cents on news of the government’s expanded “Cash for Clunkers” program and the positive impact it should have on new car sales and, by extension, new Sirius subscriptions. That analysts had been predicting a second-quarter loss for the satellite radio company, along with the loss of thousands of subscribers, did little to temper enthusiasm.
