CNET Networks (CNET) Reports Mixed Q1 Earnings; Guides Q2; Cut Workforce 10% in Qtr.
More News related to CNET
- JANA Partners 13F Shows New Stakes in Genentech (DNA), Sears (SHLD), Washington Mutual (WM); Adds to Positions in AK Steel (AKS), Focus Media (FMCN), Transocean (RIG); Sells Out of Apple (AAPL), Lehma
- CBS Corporation (CBS) Receives Anti-Trust Clearance to Acquire CNET Networks
- Stanford Group Downgrades CNET (CNET) to Hold
- Goldman Sachs Upgrades CNET Networks (CNET) to Neutral
- BofA Downgrades CNET Networks (CNET) to Neutral
CNET Networks, Inc. (Nasdaq: CNET) reports a Q1 loss of $0.03, 1 cent better than the analyst estimate of ($0.04). Revenues for the quarter were $91.4 million, versus the consensus of $93.54 million.
Sees Q2 EPS of break-even, versus the consensus of $0.01. Sees q2 revs of $100-$104 million, versus $103.3 million.
Cut 10% of U.S. workers in the quarter.
CNET is under heavy pressure from activist investor JANA Partners.
Related Categories
EarningsGuidance
Stocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
