Tag - Holl

Hollywood Media Corp. (Nasdaq: HOLL), provider of news, information and ticketing covering the entertainment and media industries, reported a third-quarter loss from its continuing operations a penny wider than analysts on Wall Street had forecasted.

For the three months ended Sept. 30, the Boca Raton, Fla.-based company reported a loss from continuing operations of $2.2 million, or $0.06 on a per share, a penny wider than the net loss of $0.05 per share three analysts polled by Thomson Financial were on average expecting. The current quarter’s operating results narrowed from a $2.5 million loss, or $0.08 per share from continuing operations in the third quarter of 2006.

Net income, which includes discontinued operations, for the third quarter was $8.1 million, or $0.24 per share, compared with a net income of $15 million for the third quarter of 2006, or $0.45 on a per share basis.

Hollywood Media previously reported in August that it sold its Source business unit to West World Media, LLC, and that in August 2006 the firm sold its Baseline StudioSystems business unit to The New York Times Company.

Hollywood Media's net revenues, which exclude the sale and operating results of the company’s discontinued operations, increased 15.6% to $28.2 million, compared with $24.4 million for the third quarter of 2006. Three analysts polled by Thomson Financial were on average anticipating revenue of $30.08 million.

Shares of Hollywood Media (HOLL) were halted in pre-market trading.

Hollywood Media Corp. (Nasdaq: HOLL) are edging down this morning after the provider of entertainment news reported a net loss for the second quarter inline with analyst estimates.

For the three months ended June 30, the Boca Raton, Fla.-based company recorded a net loss of $1.4 million or $0.04 per share, inline with the consensus of three analysts surveyed by Thomson Financial. The current quarter results compare with a net loss of $1.0 million, or $0.03 per share, in the second quarter of 2006.

Net revenues clocked in slightly above analysts’ estimates. Revenues increased 25.3% to $39.6 million, while three analysts surveyed by Thomson Financial were expecting revenues of $36.2 million. This compares with revenues of $31.6 million for the second quarter of 2006.

Shares of Hollywood Media edged down 1.29%, or $0.05, to $3.90 in pre-market trading.