TheStreet.com reports first profitable year
TheStreet.com, the online business news service, has reported its first profitable year since its inception a decade ago when Jim Cramer and others helped found it.
According to this report on NewYorkbusiness.com, “TheStreet.com earned $246,000, or 1 cent per share, for the year ended Dec. 31, compared with a loss of $2. 2 million, or 9 cents a share, in 2004. Revenue rose 10%, to $33.7 million.
“Its latest annual results were helped by strong profits from its electronic publishing business, which earned $5.8 million, along with the shutdown of its securities research and brokerage business in June. Excluding discontinued operations, the company earned $5.8 million, or 22 cents per share, up from $3.6 million, or 14 cents per share, a year earlier.”
Read the entire report, which includes an item about the CFO leaving, here.