FindWhat Slips on Weak Guidance

The company suggests its fourth quarter may not measure up.

Author:: TSC Staff
Publish date:: Nov 1, 2004 5:02 PM EST

FindWhat.com

(FWHT)

slipped late Monday after the e-commerce company posted a third-quarter profit and guided lower for the fourth quarter.

For its third quarter ended Sept. 30, the Fort Myers, Fla., company earned $4.8 million, or 15 cents a share. That's up from the year-ago $2.8 million, or 12 cents a share, and a penny better than the Wall Street analyst consensus estimate quoted by Thomson First Call.

Revenue more than tripled, hitting $58.3 million, up from the year-ago $17.8 million. Earnings before interest, taxes, depreciation and amortization rose to $11.2 million from $4.9 million a year earlier.

FindWhat forecast fourth-quarter earnings of 14 to 17 cents a share on revenue of $58 million to $65 million. Analysts had expected earnings of 16 cents a share on sales of $64.6 million.

In postclose trading, FindWhat slipped 70 cents to $19.15.