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 Demand Media
So what: For the quarter, revenue rose 9% to $82.9 million while adjusted profits (excluding one-time charges) totaled $0.07. Both figures hurdled past Wall Street's expectations for a profit of $0.05 on revenue of $79.6 million. The big news was the company's full-year forecast, which blew both its own previous guidance and Wall Street's out of the water. Demand Media now anticipates revenue to come in as high as $367 million with profits of up to $0.35. This crushes the current Street consensus for a $0.28 profit on $341.3 million in revenue.
Now what: The big gray cloud overhanging Demand Media had been whether it would adapt to Google's
Craving more input? Start by adding Demand Media to your free and personalized watchlist so you can keep up on the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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