RH Donnelley (RHD) Higher Following Better-Than-Expected Results From Idearc (IAR)
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Shares of embattled yellow pages publisher RH Donnelley Corp. (NYSE: RHD) are on the move today (+30%), on the heels of a positive earnings report from rival Idearc Inc. (NYSE: IAR). RH Donnelley reports on Thursday.
Both companies have been left for dead as more and more advertisers move money to the Internet from the yellow pages.
Idearc reported Q1 EPS of $0.79, 16 cents better than the analyst estimate of $0.63. Revenues for the quarter were $770 million, versus the consensus of $775.65 million.
Even with today's upside move, Idearc is down 74% YTD. RH Donnelley is down 83% YTD. [LJ]
Both companies have been left for dead as more and more advertisers move money to the Internet from the yellow pages.
Idearc reported Q1 EPS of $0.79, 16 cents better than the analyst estimate of $0.63. Revenues for the quarter were $770 million, versus the consensus of $775.65 million.
Even with today's upside move, Idearc is down 74% YTD. RH Donnelley is down 83% YTD. [LJ]
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