First Call was looking for -.13... DBCC came in with -.09 net beat the street by .04 But it looks even better than that...if you look at net from operations, another words don't count the paper loss due to MarketWatch which is .10, there is a profit of .01...That beats the street by .14. I won't be surprised to see this pop to 19-20 by weeks end.
JACKSON, Wyo.--(BUSINESS WIRE)--Nov. 15, 1999--Data Broadcasting Corp. (Nasdaq:DBCC) Monday reported results for its first fiscal quarter ended Sept. 30, 1999. Earlier Monday, Data Broadcasting also announced an agreement to merge with the specialist asset valuation business (FTAM) of the Financial Times group, part of Pearson plc, the international media company. The expanded business, which is expected to have pro forma revenues in 1999 of approximately $320 million, will position the company to provide more comprehensive service to every sector of the global money management community and develop more rapidly a wider range of Internet-delivered products. For the first quarter, revenues were $27.7 million and earnings before interest, taxes, depreciation and amortization (EBITDA) were $3.6 million, or $0.10 per share. Data Broadcasting recorded a net loss of $3.0 million, or $0.09 per share, after giving effect to pre-tax losses of $5.6 million from the company's equity stake in MarketWatch.com Inc. (Nasdaq:MKTW). The equity in losses of MarketWatch reduced the company's earnings by $0.10 for the quarter, but had no impact on cash flow. In the corresponding prior-year quarter, revenues were $25.7 million and EBITDA was $4.8 million, or $0.15 per share. Net income was $0.1 million, or $0.00 per share, including equity in losses of MarketWatch of $0.9 million ($0.01 per share).