Demand Media reports record revenue and profit

Nov 06 2012, 13:32 IST
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SummaryThe better-than-expected results was also buoyed by a partnership with Google Inc's YouTube.

or 4 cents per share compared with a loss of $4.1 million, or a loss of 5 cents per share, in the same period a year ago.

Adjusted for stock-based compensation and other items, the company reported earnings per share of 11 cents, beating analysts' forecast by a penny. Demand shares closed up 6 percent at $8.74 on Monday.

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