24/7 Media Inc. (Nasdaq:TFSM) fell 1 1/4 to 10 Thursday after the online marketing company reported a wider loss for the second quarter. Still, the company beat analysts’ expectations by a penny, as revenue rose 204 percent from a year earlier.
A downgrade to accumulate from strong buy at First Analysis also weighed on the stock.
Revenue increased to $52.2 million from $17.2 million, while the pro forma loss before items widened to $13.3 million, or 49 cents per share, from $4.7 million, or 24 cents. The company reported a net loss of $22.2 million in the second quarter, or 82 cents per share, compared with a loss of $7.2 million, or 37 cents.
Revenue for the first six months of the year, at $98.4 million, topped last year’s full-year revenue, the company said.