24/7 Gains on Guidance

24/7 Real Media (TFSM Quote) rose 8% after the Internet marketing outfit posted a narrower third-quarter loss.

The New York company lost $800,000, or 2 cents a share, down from a loss of $1.7 million, or 4 cents a share, during the year-earlier period. The latest quarter capitalized on the growing popularity of online advertising.

Excluding certain costs, the company said its pro forma operating income was $2.3 million, or 5 cents a share, up from $13,000, or less than a penny a share. On that basis, the company was expected to earn 4 cents a share on sales of $32.8 million, according to Thomson Financial. ...