|
Jupiter 2Q edges Street
|
 |
July 30, 2001: 4:40 p.m. ET
But media research firm's results still suffering from economic slowdown
|
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.
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. 
|
|
|
|
|
|
Jupiter Media Metrix
|
Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney
|
|
|
|
 |
|
.
