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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of United Online (Nasdaq: UNTD ) soared by as much as 19% in intraday trading after reporting better-than-expected third-quarter results.
So what: The former dot-com darling, which like EarthLink (Nasdaq: ELNK ) and AOL (NYSE: AOL ) still serves some dial-up Internet accounts, reported $0.25 in adjusted earnings on $193.5 million in revenue. Both results beat analysts' consensus estimates.
Now what: United Online has spent years diversifying through online properties such as Classmates.com. Now, the portfolio appears to be paying off. United Online produced more than $13 million in free cash flow during the quarter, more than enough to pay for its healthy dividend, which yielded 6.5% as of this writing.
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