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XO Group beats 4Q profit forecasts

NEW YORK (AP) _ XO Group Inc. (XOXO) on Tuesday reported fourth-quarter net income of $3.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had net income of 13 cents. Earnings, adjusted for non-recurring gains, were 12 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The newlywed and pregnancy website operator posted revenue of $41 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $41.1 million.

For the year, the company reported profit of $12.1 million, or 47 cents per share. Revenue was reported as $152.1 million.

XO Group shares have dropped 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.43, an increase of 29 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOXO at https://www.zacks.com/ap/XOXO

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Keywords: XO Group, Earnings Report