Friday, May 06, 2005

United Online Q1-2005 results

Reuters Uncut
Motley Uncut

United Online (NASDAQ: UNTD) announced its Q1 results on May 3rd 2005. It said that its quarterly profit fell, but revenues rose 21 percent from non-access business such as online advertising. I'm putting together a few stats on this quarters earning -
  • We posed a first-quarter profit of $11.5 million or 18 cents a share, compared with $12.4 million a year earlier.
  • Revenues rose 21% to a $130.5 million, thereby beating the Wall Street expectations of a profit of 18 cents a share and revenue of $127.9 million.
  • In this quarter, we added 214,000 subscribers, ending up at 6.2 million
  • The Board has decided to pay a 20-cent quarterly dividend, to return capital to shareholders, reflecting the confidence in UNTD's strong cash flows.
  • UNTD rose 75 cents to $9.6 late Tuesday
  • And on midday Wednesday, shares rose 25% to $11.16
  • The company has now forecasted an operating income of $31.5 million to $32.5 million for the June quarter

So, overall, I feel we've done considerably well in the first place to have exceeded Wall Street expectations, though the quarter results have been a mix. Over the past year, our paying accounts have risen from 3.1 million to around 5 million, building our cash coffers upto $203 million. Our acquisitions of Classmates and Photosite should continue to keep us popular. Hoping for the best, in the quarters to come!

Labels:

1 Comments:

Blogger Padmanaban Kumar (Paddu @ Just for Kicks) said...

It did rise. I touched around 11.7..What more do you expect ?

Once the dividends are paid out, its gonna start falling dude! So better sell some, atleast I did.

8:25 AM  

Post a Comment

<< Home

JUST FOR KICKS