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.

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