Earnings: TheStreet.com Q1 Revs Up 31 Percent; Stock Falls On Lightness

This story was written by Joseph Weisenthal.
Broadening financial info site TheStreet.com (NSDQ: TSCM) announced Q1 revenue of $18.9 million, a 31 percent year-over-year increase from $14.5 million. However, because of higher costs across the board, net income slipped 19 percent to $2.4 million ($.07 per share) from $3 million ($.11 per share). Overall, advertising revenue grew 18 percent to $6 million, while marketing services revenuederived from Promotions.comaccounted for $2.2 million in revenue. Excluding this acquisition, revenue would have grown 15 percent. The numbers are disappointing the market, which was looking for revenue close to $20 million and EPS of $.10 per share. As such, the stock is cratering pre-market, currently down about 13 percent.

Release | Webcast (11:00 AM ET)

By Joseph Weisenthal


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App