Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Tuesday, May 4, 2010 at 3:14 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

WebMD posts 1Q net loss, higher revenue

Health care Web site operator WebMD Health Corp. posted a first-quarter net loss Tuesday, reversing a year-ago profit as costs grew, but revenue increased thanks to higher ad spending.

The Associated Press

NEW YORK —

Health care Web site operator WebMD Health Corp. posted a first-quarter net loss Tuesday, reversing a year-ago profit as costs grew, but revenue increased thanks to higher ad spending.

The company posted a net loss of $3.8 million, or 7 cents per share, down from a profit of $415,000, or 1 cent per share, in the same period a year earlier.

Excluding items, such as the disposition of its auction rate securities investment, the company would have earned $5.1 million in the latest quarter.

Revenue rose 20 percent to $108 million from $90.3 million.

Analysts, on average, were expecting a profit of 7 cents per share on revenue of $105.3 million, according to a survey by Thomson Reuters. Analysts typically exclude one-time items from their estimates.

For the full year, WebMD is expecting revenue of $510 million to $525 million. Analysts are expecting $519.6 million.

Shares fell $1.59, or 3.4 percent, to $45.71 in after-hours trading. The stock had closed down 84 cents at $47.30.

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising