TheStreet.com slides after missing Q1 estimates
Shares of TheStreet.com, Inc. (Nasdaq:TSCM) are treading lower in pre-market trading after the financial news website reported first-quarter results this morning that fell short of the consensus on Wall Street. The company attributed the dip in earnings to the redesign of its flagship website and a sister website, MainStreet.com; but also noted that it is experiencing strong advertising demand.
Shares slipped 13%, or $1.23, to $8.25 in pre-market trading. For detailed price information and recent news stories about TheStreet.com, click TSCM.
