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News > Technology
Jupiter 2Q edges Street
July 30, 2001: 4:40 p.m. ET

But media research firm's results still suffering from economic slowdown
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NEW YORK (CNNfn) - Jupiter Media Metrix Inc. reported quarterly results Monday that were slightly better than Wall Street estimates, though a lingering economic slowdown continued to erode the media research company's bottom line.

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New York-based Jupiter said it lost $10.1 million before one-time items, or 28 cents a share, in the second quarter, compared with income of $342,000, or a penny a share, a year ago. Analysts polled by earnings tracker First Call expected Jupiter to lose 29 cents a share in the quarter, which ended June 30.

Jupiter reported quarterly revenue of $25.2 million, compared with $38.3 million a year ago.

A slow economy has forced businesses to stop spending on media research and eroded Jupiter's Internet client base, causing Jupiter to miss first-quarter results expectations in April, when it also said it planned to cut 18 percent of its work force.

Jupiter (JMXI: Research, Estimates) shares closed Monday down 2 cents at $1.05. graphic

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