TheStreet, Inc. (TST) Misses Q2 EPS by 2c, Revenues Miss

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Go back to TheStreet, Inc. (TST) Misses Q2 EPS by 2c, Revenues Miss

TheStreet Reports Second Quarter 2018 Results

August 8, 2018 6:00 AM EDT

NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Effective June 20, 2018, The Street, Inc. completed the sale of its RateWatch business. As a result, RateWatch has been reclassified as a discontinued operation in the financial statements. Accordingly, the second quarter results presented in this press release reflect continuing operations unless indicated otherwise.

RateWatch business sold June 20, 2018 for $33.5 million. Cash, cash equivalents, restricted cash and marketable securities totaled $44.9 million, an increase of $31.0 million from December 31, 2017, including a $5.6 million increase in cash from operations. Net income for the second quarter 2018 including discontinued operations totaled $27.5 million, or $0.54 per... More