24/7 Media, Inc. (Nasdaq: TFSM) rose 4 13/16 to 59 15/16 Thursday after reporting a 275 percent increase in fourth-quarter revenue and a smaller loss than analysts were predicting. The electronic media company credited growth in its e-mail and network businesses.
Revenue for the quarter was $37.1 million, up from $9.88 million in the year-earlier quarter. The company posted a net loss for the quarter of $13 million, or 58 cents a share, compared with a loss of $6.8 million, or 42 cents, in the year-earlier quarter. Analysts had expected a loss of 70 cents a share, according to Zacks Investment Research.
24/7 said its networks reach nearly 60 percent of all U.S. Internet users, and its e-mail database is the largest in the industry. International revenue was also strong, making up 12 percent of total revenue.
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