Friday, March 10, 2017

Media: "TheStreet’s fourth quarter misses analyst estimates" (TST)

From TalkingBizNews:
Financial news company reported a fourth-quarter loss that was worse than analyst expectations.

The New York-based company reported a loss of $11.6 million, or 33 cents per share, in the fourth quarter. Analysts were expecting a loss of 5 cents per share.

In the same quarter of 2015, the company reported a loss of $346,000, or 1 cent per share.

The company attributed the loss to a goodwill impairment totalling $11.6 million, an additional non-cash depreciation charge of $1.5 million, restructuring charges related to severance and lower premium subscription revenue....MORE
The saga thus far:
Jan. 4, 2017
What the Heck Happened To
Feb. 1, 2017  
Traffic Rankings: "If the Markets Are So Great, Why Are Finance Sites Struggling to Attract Readers?"

"Activist investor seeks Salon stake to make run at TheStreet"
...Last reported prices on SLNM: 20¢  (it trades by appointment) and TheStreet, 82¢.

TST TheStreet, Inc. daily Stock Chart