MarketWatch.com Posts Net Loss

SAN FRANCISCO — MarketWatch.com Inc. reported a wider fourth-quarter net loss, although its operating loss came in narrower than expected amid a 47% rise in revenue.

The financial-news company said its net loss was $24.3 million, or $1.47 a share, compared with a loss of $22 million, or $1.58 a share, a year earlier.

Excluding items and the company’s share in the results of its European venture, MarketWatch.com (MKTW) said it would ha v e posted a loss of $8.8 million, or 53 cents a share, compared with a loss of $8.9 million, or 64 cents a share, a year earlier. Analysts surveyed by First Call/Thomson Financial expected the company to lose 66 cents a share in the latest quarter.

Re ve nue rose to $14.7 million from $10 million a year earlier.

Fourth-quarter page views for the MarketWatch site (www.marketwatch.com) increased 58% to 831 million from 525 million in the fourth quarter of 1999.

MarketWatch.com expanded its print op erations, becoming the primary business-news provider for the San Francisco Examiner newspaper in November 2000. The company also provides business-news content for the Daily News Express, a free evening publication of the New York Daily News.

Copyright (c) 2001 Dow Jones Company, Inc.



Publish date: January 30, 2001 https://stage.adweek.com/brand-marketing/marketwatchcom-posts-net-loss-54442/ © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT
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