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May 5, 1997updated 05 Sep 2016 12:43pm


By CBR Staff Writer

Internet publications provider Mecklermedia Corp provided Wall Street with exactly the second-quarter it expected. The company posted net income of $3.5m, or $0.40 per share, which hit the First Call consensus on the head. Revenue for the quarter soared nearly 260% to $20.5m. A year ago, Mecklermedia recorded a net loss of $1.8m on revenue of only $5.7m. The sterling results for the March quarter can be largely attributed to a boom in trade show revenues which increased by $12.9m, or 625%, to $14.9m. The good times aren’t expected to last long, though. Analysts predict a third-quarter loss of about $0.20 based on the fact that Mecklermedia hasn’t got a show scheduled during the quarter. Net income for the year-to-date was $5.6m, or $0.64 per share, compared to a net loss of $2.5m for the first six months of fiscal 1996.

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