United Online Inc. (NASDAQ: UNTD) reported Thursday that its second quarter results beat analyst estimates, but its financial outlook did not meet Wall Street expectations.
WPPS, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
United Online, which sells products and services online, said late Wednesday that in the quarter that ended June 30 it earned $17.7 million, or 21 cents per share, compared with $12.8 million, or 18 cents per share, in the year-ago quarter.
When excluding certain items, the company earned 37 cents per share, which is 2 cents higher than analysts polled by Thomson Reuters expected.
Revenue more than doubled to $260.8 million, due mainly to the inclusion of $149.2 million in revenue from online florist FTD, which was acquired three quarters earlier. Analysts had expected $253.4 million.
Revenue from Classmates Media Corp., which includes the Classmates.com Web site, rose 2 percent to $58.2 million, hurt by a drop in advertising revenue. Online advertising revenue has declined both on and off the Web throughout the recession.
The company reported 58,000 net paid accounts were added during the quarter, but this is much lower than the 288,000 that were added in the same quarter last year.
Operating expenses rose to $217.7 million, compared with $100.3 million last year.
The company predicted third-quarter revenue between $208 million and $216 million, which is lower than the $218.7 million analysts expect.
Shares of United Online stock fell $1.46, or 16.2 percent, to $7.56 at Thursday’s close.
Sign Up for WPPS’s Free Small Cap Newsletter! To subscribe please enter your email address in the frame at the bottom of this page or visit us at our website.
Subscribe at the bottom of this page.
About Us
WePickPennyStocks is a leading stock web site that provides free stock alerts on stocks that are poised to make big gains. We also track small cap companies that could be on the brink of a massive breakout. To feature a company on our web site please contact us at the email listed below.
WPPS is an independent electronic publication that provides information on selected publicly traded companies. This publication is not a registered investment advisor or broker-dealer. Our affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above. View our full disclaimer.
