Real estate information and technology company HouseValues today reported net income of $1.77 million for the first quarter, down 65.5 percent from $2.93 million in first-quarter 2005. The company had revenue of $26.9 million for the first quarter, a 53 percent increase from first-quarter 2005. Earnings per diluted share were 6 cents, including a 3 cent charge related to stock compensation, compared with 11 cents per diluted share in first-quarter 2005. Adjusted earnings before interest, taxes, depreciation and amortization, also known as EBITDA, dropped from $4.99 million in first-quarter 2005 to $4.29 million in first-quarter 2006. "The company's real estate lead-generation business grew modestly in the first quarter compared to the fourth quarter of 2005 even amidst the refocusing of ...
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