UPDATE: Demand Media Posts Q2 Profit
Demand Media (NYSE: DMD) reported a profit in the second quarter.
Demand Media posted its quarterly profit at $94,000, or break even on a per share basis, versus a year-ago loss of $2.4 million, or $0.03 per share. Its adjusted profit came in at $0.09 per share.
Demand Media's revenue rose to $93 million, from $79.5 million. However, analysts were projecting a profit of $0.07 per share on revenue of $86.4 million.
Demand Media shares closed at $11.63 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.