Earnings: TheStreet Posts $100k Net Loss; Revs Fall 17 Percent
This story was written by David Kaplan.
While the recession has been great for financial news' companies audience numbers, that traffic hasn't translated into profits and revenues. TheStreet.com's Q4 is a prime example, as the company posted a $100,000 net loss as revenues slid 17 percent to 16.5 million. Last year, the company had modest profits of $4.7 million ($0.16 per share). Analysts had been expecting $17.3 million in revenue, TheStreet itself reported. The company matched a Thomson Reuters (NSDQ: TRIN) consensus estimate on the net loss. More to come
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By David Kaplan