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.
Short Take: Razorfish surges as revenues soar
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.
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