Earnings: Jupitermedia Reports Q1 Profit Loss

Having failed to acquire rival photo service Getty Images during Q1, Jupitermedia (Nasdaq: JUPM) reported a loss of $1 million, or 3 cents per share, compared to Q106’s profit of $9.2 million, or 25 cents per share. Revenue was up a modest 2.6 percent at $34.8 million from $33.9 million. While the Getty purchase didn’t get off the ground, and it was the costly legal fees associated with negotiations that accounted for the earnings loss, Jupitermedia said, the company did make four notable purchases in Q1: it bought the remaining 50.1 percent interest in the ISPCON trade shows, JustTechJobs.com, StudioCutz.com and BlueFuseMusic.com. Earnings release

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