|  | | 2008 News and Press Releases | | |
SETTLEMENT NEWS:
Greenfield Online adjusted earnings top Street estimates
Staff Writer
Thomson Financial News. May 8, 2008
_________________________________________________________________________
EXCERPT: SAN FRANCISCO (Thomson Financial) - Greenfield Online Inc. late Thursday reported first-quarter adjusted earnings of $2.78 million, or 10 cents a share, a penny above the mean estimate of analysts polled by Thomson Reuters. The company swung to a first-quarter net loss of $113,000 from a net profit of $1.96 million, a year earlier. On a per-share basis the results came to breakeven versus a prior-year profit of 7 cents. The company also said that on May 7 it agreed to settle pending class action securities litigation. As a result, Greenfield recorded a one-time net charge of $2 million in the quarter ended March 31. Adjusted results for the most recent quarter exclude the financial impact of the settlement. Revenue rose to $30.9 million from $27.5 million a year earlier, below the mean $32 million analyst estimate. The Wilton, Conn.-based provider of Internet survey products reiterated its 2008 revenue guidance of $143 million to $153 million a share. The stock closed the regular session up 47 cents, or 4.4%, at $11.11 and rose a further 12.4% to $12.49 in after-hours trading. Brigid Gaffikin bg/gm COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. |
|
|
