Demand Media Earnings: Loss Narrows, Beating Estimates
Demand Media Inc.’s (NYSE:DMD) first quarter loss narrowed, beating estimates. Demand Media, together with its subsidiaries, operates as a content and social media company in the United States. It identifies, creates, distributes, and monetizes in-demand, long-lived content.
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Demand Media Earnings Cheat Sheet for the First Quarter
Results: Loss narrowed to $1.8 million (loss of 2 cents per diluted share) from $5.6 million (loss of 13 cents per share) in the same quarter a year earlier.
Revenue: Rose 8.4% to $86.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Demand Media Inc. reported adjusted net income of 7 cents per share. By that measure, the company beat the mean estimate of one cent per share. It beat the average revenue estimate of $79.7 million.
Quoting Management: Driven by continued growth across our businesses, our first quarter revenue exceeded our seasonally strong Q4 2011 results,” said Richard Rosenblatt, Chairman and CEO of Demand Media. “We are pleased with our first quarter results and remain focused on investing in our long-term growth initiatives, including enhancing the quality of our Owned & Operated properties, expanding our content distribution channels and partnerships, and pursuing new generic Top Level Domain opportunities.”
The company beat estimates last quarter after meeting expectations in the fourth quarter of the last fiscal year with a loss of one cent per share.
Looking Forward: Expectations for the second quarter have not changed from 2 cents. For the fiscal year, the average estimate has moved down from 13 cents a share to 9 cents over the last ninety days.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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