24/7 Real Media swings to 4Q loss |
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Wed, 28 Feb 2007 23:29
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NEW YORK (AP) - Digital marketing company 24/7 Real Media Inc. said Wednesday it swung to a fourth-quarter loss, as stock-based compensation costs and other items offset stronger international revenue.Quarterly losses totaled $227,000, or breakeven on a per-share basis, compared with a year-ago profit of $1.4 million, or 3 cents per share. Excluding stock-based compensation, transaction costs and other items, 24/7 Real Media said its earnings per share rose to 12 cents from 8 cents.Analysts, on average, expected income of 12 cents per share, according to a poll by Thomson Financial.Total quarterly revenue rose to $60 million from $41.7 million, powered by growth in Korea and the United Kingdom. Analysts had expected $57.6 million in revenue.Full-year losses totaled $8.6 million, or 18 cents per share, compared with a prior-year profit of $13,000 after preferred dividends, or breakeven per share. Total revenue rose to $200.2 million from $139.8 million.Shares of 24/7 Real Media rose 17 cents to close at $9.64 on the Nasdaq Stock Market.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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