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Demand Media Inc (NYSE:DMD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 14.67%.
Demand Media Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.12 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 22.13% to $103.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Demand Media Inc reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $96.7 million.
Quoting Management:“We finished the year on a high note, posting record fourth quarter results and completing our fifth consecutive year of record revenue and Adjusted EBITDA,” said Richard Rosenblatt, Chairman and CEO of Demand Media. “We improved content quality and diversified our distribution channels by successfully revamping our content platform in 2012, and are now prepared to significantly increase our content investments in 2013. In addition, we became a leader in the generic Top Level Domain opportunity, due to substantial investments we made in 2012. We plan to increase this investment ahead of the expected launch later this year.”
Key Stats (on next page)…
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