said its revenue, driven by gains in subscriptions and advertising, more than tripled in the third quarter compared with the year-earlier period.
TheStreet.com, the publisher of this Web site, reported a net loss, excluding certain charges, of $7.2 million, or 29 cents a share, for the quarter compared with a loss of $3.2 million, or 33 cents a share, excluding certain charges, one year ago. Analysts' consensus estimate for the 1999 third quarter, excluding certain charges, anticipated a loss of 32 cents a share, according to
First Call/Thomson Financial
. Revenue rose to $3.9 million from $1.1 million in the year-ago period.
TheStreet.com said in its financial results
statement that it had more than 94,000 subscribers as of Sept. 30, 1999, nearly three times the number of subscribers the company had at the beginning of the year. According to
, the company had 1.3 million unique users in the third quarter, a gain of 27% over the second quarter.
"In addition to our solid revenue gains for the quarter, we're proud of our progress in the key strategic areas that will drive future growth," said Kevin English, the company's chairman and chief executive officer. "Our promising U.K. news venture,
, together with our planned strategic investment in a new Israeli financial news site, is the leading edge of our international expansion."
After inclusion of preferred dividends and noncash compensation charge, the company reported a third-quarter net loss of $7.8 million, or 32 cents share, compared with a loss of $3.2 million, or 40 cents a share, in the year-earlier period.
trading today, TheStreet.com rose 3/8 to 19 1/4. TheStreet.com's financial results were reported after the close.
, publisher of the financial Web site
, also reported third-quarter results earlier in the day.
The company, which also owns
, said its revenue nearly quadrupled to $7 million for the third quarter from $1.8 million in the year-ago period. The company reported a net loss, excluding amortization of goodwill and other intangibles, of $6.9 million, or 50 cents a share.
The company's net loss, including amortization of goodwill and other intangibles, was $20 million, or $1.45 a share, compared with a net loss of $3.6 million, or 40 cents a share, in the year-earlier quarter.
MarketWatch.com rose 1/2 to 58 15/16 in Nasdaq trading today.