24/7 Real Media (TFSM) sank 4% late Wednesday after beating second-quarter targets and posting in-line guidance.
The New York-based digital marketer made $489,000, or a penny a share, reversing the year-ago loss of $190,000, or less than a penny a share. Revenue rose to $48.2 million from $33.9 million a year earlier.
Earnings excluding certain items rose to 9 cents in the latest quarter from 5 cents a year earlier. Analysts surveyed by Thomson Financial were looking for an 8-cent profit on sales of $47 million.
24/7 said it expects to make 9 cents a share on a pro forma basis for the third quarter on sales of $49 million or $50 million. For the year, it expects to make 36 or 37 cents a share on revenue of $195 million to $200 million. Those figures are in line with the Wall Street estimates.
After soaring 14% in regular trading Wednesday on the heels of blowout quarters at rivals
, 24/7 fell 36 cents in late trading to $7.95.