Share “ComScore returns to 4Q profit, names Matta...”

ComScore returns to 4Q profit, names Matta as CEO

Published on NewsOK Modified: February 11, 2014 at 11:11 am •  Published: February 11, 2014
Advertisement

RESTON, Va. (AP) — ComScore, a research firm that helps customers measure audiences and markets, returned to a profit in its fourth quarter as it reported double-digit revenue growth.

The Reston, Va., company also announced Tuesday that co-founder and CEO Magi Abraham will become executive chairman, with Serge Matta named as its new CEO.

Its stock jumped in midday trading on Tuesday.

ComScore Inc. earned $170,000, which was breakeven on a per share basis, for the three months ended Dec. 31. A year earlier it lost $1.6 million, or 5 cents per share. Removing stock-based compensation and other items, earnings were 32 cents per share.

Revenue rose 12 percent to $76.5 million from $68.4 million.

For the year, comScore Inc. lost $2.3 million, or 7 cents per share. In the prior year it lost $11.8 million, or 35 cents per share. Annual revenue increased 12 percent to $286.9 million from $255.2 million.

For 2014, comScore anticipates revenue between $316.5 million and $327.5 million. It predicts first-quarter revenue in a range of $74.8 million to $76.7 million.

Continue reading this story on the...