Industry NewsTechnology

Move trims annual loss to $12.2M operator expects further revenue declines
Published on Mar 5, 2010

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot operator Move Inc. said cost-cutting measures helped the company trim its net loss to $12.2 million last year, despite a 12.4 percent decline in revenue.

Move -- which posted a $34.3 million net loss in 2008 -- said it expects revenue will continue to slide, from $242 million in 2008 and $212 million last year to between $186 million and $192 million this year.