Short Take: Razorfish profits ahead by a penny
Internet services and design consultancy Razorfish reported third-quarter earnings a penny ahead of analysts' estimates. For the quarter, the New York-based firm posted net income $900,000, or 4 cents a share, compared to net income $300,000, or 3 cents a share in the year-ago period. Revenues for the quarter rose to $19.1 million compared to $4 million a year earlier. Analysts polled by First Call expected the company to earn 3 cents a share.
Internet services and design consultancy Razorfish reported third-quarter earnings a penny ahead of analysts' estimates. For the quarter, the New York-based firm posted net income $900,000, or 4 cents a share, compared to net income $300,000, or 3 cents a share in the year-ago period. Revenues for the quarter rose to $19.1 million compared to $4 million a year earlier. Analysts polled by First Call expected the company to earn 3 cents a share.