Hollywood Media Corp. reports Q2 net loss inline with estimates
Hollywood Media Corp. (Nasdaq: HOLL) are edging down this morning after the provider of entertainment news reported a net loss for the second quarter inline with analyst estimates.
For the three months ended June 30, the Boca Raton, Fla.-based company recorded a net loss of $1.4 million or $0.04 per share, inline with the consensus of three analysts surveyed by Thomson Financial. The current quarter results compare with a net loss of $1.0 million, or $0.03 per share, in the second quarter of 2006.
Net revenues clocked in slightly above analysts’ estimates. Revenues increased 25.3% to $39.6 million, while three analysts surveyed by Thomson Financial were expecting revenues of $36.2 million. This compares with revenues of $31.6 million for the second quarter of 2006.
Shares of Hollywood Media edged down 1.29%, or $0.05, to $3.90 in pre-market trading.
