Shares of Razorfish jump 7.3 percent after the consulting services firm reported a 483 percent increase in its first-quarter revenue. The New York-based company, which just went public last month, said net income was $523,000, or 3 cents per basic share, vs. a net income of $28,000 in its year-ago period. Also in its year-ago period, including acquisition-related charges, the company posted a net loss of $110,000. The company said revenue jumped to $12.4 million from $2.1 million in the comparable quarter a year earlier.
Discuss: Short Take: Razorfish surges as revenues soar
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.