United Online Rallies As Q1 Results Top Forecasts - Eric Savitz (Barron's)

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United Online Rallies As Q1 Results Top Forecasts
May 05, 2009 09:45 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
UNTD	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

United Online (UNTD) shares are trading higher after hours following a better-than-expected Q1 financial report from the company, which operates the Classmates.com social networking site and the FTD flower delivery service.

For the quarter, United posted revenue of $263.6 million and adjusted EPS of 35 cents; the Street had been expecting $261.1 million and 30 cents.

For the second quarter, the company sees revenue of $248 million to $257 million, about in line with the Street at $253.8 million. United sees adjusted OIBDA for the quarter of $60 million to $65 million, compared to $61.5 million in Q1.

In late trading, UNTD is up 32 cents, or 5.4%, to $6.21.

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