Stocks with 'Dead Cat Bounce' potential Message Board

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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential

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To: MarkM who wrote (55)	11/9/2006 1:36:28 AM
From: ~digs	of 130

Jupitermedia Corp., a provider of stock photography and other digital content, said Wednesday its third-quarter profit sank from a year-ago period boosted by an income tax benefit and other gains. The quarter's results missed Wall Street's expectations, and shares dived in after-hours trading. The company earned $1 million, or 3 cents per share, compared with earnings of $60.4 million, or $1.62 per share, during the same period a year ago. The year-ago results included a gain of $29.1 million from the sale of the company's Search Engine Strategies events and ClickZ.com Network. They also included a benefit of $23.5 million benefit related to deferred income tax assets. The most recent quarter included stock options costs of 2 cents per share. Revenue rose 6 percent to $33.8 million from $31.8 million. Analysts, on average, were looking for earnings of 8 cents per share on sales of $35.9 million, according to a poll by Thomson Financial. Shares plummeted $2.69, or 29.6 percent, to $6.41 in aftermarket activity, after losing 11 cents to finish the Nasdaq session at $9.10. The stock has traded between $6.33 and $18.81 over the past year.

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