, operator of Web services including NetZero and Classmates.com, posted an in-line fourth quarter but guided lower for the first period.
United Online had profit excluding some costs of $18.6 million, or 28 cents per share, in the fourth quarter, up from $16.6 million, or 26 cents, during the year earlier period, the Woodland Hills, Calif.-based company said in a statement. Net income was $12.4 million, or 19 cents per share, compared with $80.2 million, or $1.27 a share, in the year-earlier period, which included a tax benefit of $68.6 million, or $1.09 a share. Revenue rose 9% to $130.2 million.
The company was expected to earn 27 cents a share on sales of $132 million, according to three analysts surveyed by Thomson Financial.
The company forecast first-quarter revenue of $125 million to $128 million, compared with the $133 million Thomson estimate. Adjusted operating income will be between $32 million and $34 million in the current quarter and $131 million to $137 million for the year, United Online says.
Shares fell 20 cents to $13.20 in after-hours trading.