Investing

TheStreet.com Earnings Miss Estimates (TSCM)

TheStreet.com (NASDAQ: TSCM) has reported earnings this morning.  Jim Cramer’s offspring posted a 19% drop in net income to $2.4 million, or $0.07 EPS, but the company posted a 31% increase in revenues to $18.9 million.

First Call had estimates of $0.10 EPS on revenues of $19.95 million.

The initial drop in earnings is so far being tied to the launch of MainStreet.com and other online sites for finance, so it is always possible that the earnings may have some smaller items inside that could be deemed as "extraordinary" expenses.  The revenues were shown as a 18% gain in ads to $6 million, a $2.2 million interactive marketing services revenue from promotions.com (acquired in 2007), a 2% drop in subscription revenues of $8 million, and syndication & licensing rose 290% to $2.7 million (mainly from acquisition of Bankers Financial Products).

As of March 31, 2008, cash, cash equivalents and restricted cash stood at $82.2 million, with essentially no debt.  The company generated cash flow from operations of $4.9 million, and free cash flow totaled $3.5 million.

No trades have been seen pre-market, but shares closed at $9.48 yesterday; its 52-week trading range is $7.46 to $16.74.

Jon C. Ogg
April 29, 2008

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.