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United Online Reports Mixed Quarter

Mark Madler
By Mark Madler
2

Internet service provider and flower and gifts retailer United Online Inc. reported mixed results for the third quarter, beating analyst estimates on revenue but falling short on earnings per share, the company reported Wednesday. The Woodland Hills company reported a net loss of $47.2 million (-51 cents a share), compared with income of $5.4 million (6 cents) in the same period a year earlier. Revenue fell 1.7 percent to $175 million. Analysts forecast earnings per share of 9 cents and revenue of $173 million for the quarter, according to Thomson Financial Network. Much of United Online’s revenue comes from its FTD segment that provides floral-related products and services for consumers and retail florists. In the third quarter, FTD contributed $118.5 million in revenue. On Nov. 1, FTD will be spun off from United Online as a separate company in an all-stock deal. Shares of United Online closed up 10 cents, or 1 percent, to $8.55 on the Nasdaq.

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Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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