reported a third-quarter loss that was narrower than analysts expected, as consolidated revenue rose 58% from the same period a year ago.
Excluding goodwill and noncash compensation costs, the company, a provider of financial news and commentary, reported a third-quarter loss of $8.9 million, or 34 cents a share, before preferred dividends, compared with a loss of $7.2 million, or 29 cents share, in the year-earlier period.
Analysts were expecting the company to lose 37 cents a share for the quarter, according to a
First Call/Thomson Financial
On Sept. 19, TheStreet.com said it anticipated lower-than-expected third quarter revenue, but added that reported earnings per share would still meet analysts' expectations.
Revenue totaled $6.2 million, up from $3.9 million a year ago. Consolidated advertising and e-commerce revenue rose 74% to $3.7 million, while subscription revenue totaled $2.1 million, a 56% increase from $1.4 million in the third quarter of 1999.
As of Sept. 30, the company had $90 million in cash.
The average monthly number of unique visitors to the company's U.S. sites during the latest third quarter rose to 2.9 million, an increase of 123% compared with the third quarter of 1999. The total number of page views for the quarter rose 150% to 127 million from 51 million in the year-ago period.