Demand Media (DMD) Tops Q3 EPS by 23c

November 7, 2016 4:09 PM EST
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Demand Media (NYSE: DMD) reported Q3 EPS of ($0.14), $0.23 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $28.1 million versus the consensus estimate of $25.41 million.

"Q3 was a very successful quarter for us, with revenue increasing 12% year-over-year on a pro forma basis,” said Sean Moriarty, CEO of Demand Media. “These positive developments are an example of the evolution of our company over the past two years, making this the perfect time to highlight our progress. We are excited to move forward as Leaf Group, which symbolizes our continued focus on growth, while providing an opportunity to highlight the significant role that our marketplaces now play in our operating model.”

For earnings history and earnings-related data on Demand Media (DMD) click here.

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