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Marchex Q3 Loss Widens
Marchex Inc. (MCHX | charts | news | PowerRating) reported a third quarter GAAP net loss applicable to common stockholders of $1.5 million or $0.04 per share, compared to a loss of $410.9 thousand or $0.01 per share in the year-ago quarter. Revenue was $33.5 million, up from $32.3 million for the same quarter of 2006.
For the fourth quarterm the company expects adjusted operating income before amortization estimate$4 million or more. Revenue is expected between $35 million or more.
During the quarter, Marchex purchased 1.4 million shares of its outstanding Class B common stock for a total price of $13.6 million, representing 3% of its common shares outstanding.
http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/804697/
Marchex Inc. (MCHX | charts | news | PowerRating) reported a third quarter GAAP net loss applicable to common stockholders of $1.5 million or $0.04 per share, compared to a loss of $410.9 thousand or $0.01 per share in the year-ago quarter. Revenue was $33.5 million, up from $32.3 million for the same quarter of 2006.
For the fourth quarterm the company expects adjusted operating income before amortization estimate$4 million or more. Revenue is expected between $35 million or more.
During the quarter, Marchex purchased 1.4 million shares of its outstanding Class B common stock for a total price of $13.6 million, representing 3% of its common shares outstanding.
http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/804697/
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