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ReachLocal Narrowly Misses Market Expectations

ReachLocal announced quarterly and full-year financial results Tuesday that narrowly missed analyst expectations. The Woodland Hills company, which helps small businesses market online, reported a fourth-quarter net loss of $394,000 (-1 cent a share) compared to a loss of $1.3 million (-5 cents) for the same quarter last year. Revenue increased 20 percent to $120 million. On average, analysts expected the company to break even, according to a survey by Thomson Financial Network. For the full year, the company reported a net loss of $232,000 (less a cent a share), compared to a loss of $10.3 million (-36 cents) for the previous year. Annual revenue increased 21 percent to $455 million. For the year, analysts also expected a breakeven performance, according to Thomson Financial Network. “We are pleased to have delivered strong revenue and profitability growth during 2012,” Ross Landsbaum, chief financial officer, said in a statement. “As we look ahead, we intend to continue to invest in the long-term expansion and optimization of our distribution organization as well as in product expansion.” Results were released after markets closed on Tuesday. For the day, shares of ReachLocal closed at $13.11, up 67 cents or 5.4 percent.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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