Demand Media Inc. (NYSE:DMD) dropped to a fourth quarter loss, but results topped expectations. Reported a loss of $6.4 million (8 cents per diluted share) in the quarter. The internet software and services company had net income of $1 million or 54 cents per share in the year earlier quarter. Revenue rose 14.7% to $84.4 million from the year earlier quarter. Demand Media Inc. reported adjusted net income of 8 cents per share. By that measure, the company beat the mean analyst estimate of a loss of one cent per share. It beat the average revenue estimate of $81.7 million.
“2011 finished strong and was led by record revenue from both our Content & Media and Registrar business lines,” said Richard Rosenblatt, Chairman and CEO of Demand Media. “We enter 2012 positioned to expand our existing business lines while investing in areas where we see significant future growth. We plan to leverage our data, studio and extensive distribution in new ways to solidify our leadership in the rapidly growing digital content marketplace.”
Competitors to Watch: Google Inc. (NASDAQ:GOOG), AOL, Inc. (NYSE:AOL), Yahoo! Inc. (NASDAQ:YHOO), IAC/InterActiveCorp (NASDAQ:IACI), Answers Corporation (NASDAQ:ANSW), WebMD Health Corp. (NASDAQ:WBMD), Baidu.com, Inc. (NASDAQ:BIDU), Microsoft Corporation (NASDAQ:MSFT), Ancestry.com Inc (NASDAQ:ACOM), and WebMediaBrands Inc (NASDAQ:WEBM).
Applied Materials Inc. (NASDAQ:AMAT) saw profit fall amid falling revenue. Net income for Applied Materials Inc. fell to $117 million (9 cents per share) vs. $506 million (38 cents per share) a year earlier. This is a decline of 76.9% from the year earlier quarter. Revenue fell 18.5% to $2.19 billion from the year earlier quarter. Applied Materials Inc. reported adjusted net income of 18 cents per share. By that measure, the company beat the mean estimate of 12 cents per share. It beat the average revenue estimate of $1.97 billion.
“Global demand for mobile devices is driving a third consecutive year of strong capital investment by semiconductor customers,” said Mike Splinter, chairman and chief executive officer. “As a result, we see solid order momentum and an improved outlook overall for our second quarter.”
Competitors to Watch: Novellus Systems, Inc. (NASDAQ:NVLS), KLA-Tencor Corporation (NASDAQ:KLAC), Lam Research Corporation (NASDAQ:LRCX), Mattson Technology, Inc. (NASDAQ:MTSN), FSI International, Inc. (NASDAQ:FSII), Tegal Corporation (NASDAQ:TGAL), Axcelis Technologies, Inc. (NASDAQ:ACLS), Ultratech, Inc. (NASDAQ:UTEK), CVD Equipment Corporation (NASDAQ:CVV), and ASM Intl. N.V. (NASDAQ:ASMI).
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org