FTD Parent United Online Shows Profit
February 18, 2010 | 1 min to read
United Online Inc. late Wednesday said it turned to a profit in the fourth
quarter on stronger performance at its online floral delivery business and
tighter control of costs.
After the markets closed, the Westlake Village online services provider reported
net income of $16.456 million (19 cents per share), compared with a net loss of
nearly $138 million (-$1.68) a year earlier when the company took goodwill
impairment charges.
Total revenue fell 2.6 percent to less than $250 million. Revenue at the FTD
online floral unit rose 6 percent, but was down 19 percent in the companys
flagship Internet service business and off 3 percent in its Classmates Media
social networking unit.
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