TheStreet, Inc. (TST) Tops Q2 EPS by 2c

TheStreet, Inc. (NASDAQ: TST) reported Q2 EPS of ($0.02), $0.02 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $17.1 million versus the consensus estimate of $16.75 million.

Subscription Services revenue in the second quarter was $14.0 million, an increase of 21% compared to the prior year period primarily due to revenue from BoardEx which was acquired on October 31, 2014. Media revenue in the second quarter was $3.2 million, a decrease of 2% compared to the prior year period. The decrease was expected since the Company is reducing available inventory for advertising as we focus on enhancing user experience on our free sites.

"The second quarter saw continued downward pressure on ad media and business-to-consumer subscription revenue lines as experienced by the industry as a whole. We are however very pleased with our progress in executing on our strategic plan, focusing on growth opportunities in business-to-business subscription revenues," said Elisabeth DeMarse, Chairman, President and Chief Executive Officer.

"As we continue to transform TheStreet, Inc., following our successful acquisition of BoardEx, we remain committed to look for new market opportunities that expand our revenue as well as customer base," concluded DeMarse.

For earnings history and earnings-related data on TheStreet, Inc. (TST) click here.

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