25 posts and columns on net loss
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.
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.
News Byteresults posted today, videogame giant Electronic Arts managed to cut last year’s Q2 net loss in half this year, and it did so despite a big drop in revenue. However, the company’s profit forecast for the current quarter fell short of Wall Street expectations, and the stock started losing ground in after-hours trading.