Industry News

Move Inc. earnings fall from last quarter

Realtor.com operator reports $1.7 million in second-quarter income
Published on Aug 3, 2006

Move Inc., which operates Realtor.com and Move.com property-search Web sites, today reported net income of $1.7 million in the second quarter, compared with net income of $3.3 million in second-quarter 2005. Excluding stock-based compensation expense, net income would have been $4.3 million in second-quarter 2006, the company reported. Total revenue for the second quarter was $73.9 million, up 17 percent from total revenue in second-quarter 2005. Net income applicable to common stockholders for the second quarter of 2006 was 1 cent per share, compared with net income of 2 cents per share in second-quarter 2005. Excluding stock-based compensation expense, net income would have been $4.3 million for the second quarter of 2006. Move's EBITDA (earnings before interest, restructuring charges and certain other non-cash and non-recurring items, principally stock-based charges, depreciation, and amortization) for the second quarter of 2006 was $4.7 million, compared with $2.9 million for the...

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