Originally published May 9, 2007 at 12:00 AM | Page modified May 9, 2007 at 2:01 AM
NW corporate results | aQuantive, Cascade, Expedia
Nw corporate results | Dollar figures in thousands, except per share; parentheses denote losses. aQuantive Digital marketing March 31 %...
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NW CORPORATE
RESULTS | |
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| Dollar figures in thousands, except per share; parentheses denote losses. | |||
| aQuantive | |||
| Digital marketing | |||
| March 31 | % | ||
| 1st QTR | 2007 | 2006 | CHG. |
| Profit | $14,242 | $7,615 | +87.0 |
| Per share | 0.16 | 0.10 | +60.0 |
| Sales | 142,621 | 92,185 | +54.7 |
| COMMENT: The Seattle company expects second-quarter sales between $148 million and $153 million and profit between $13 million and $14.5 million. | |||
|
Cascade
Natural Gas |
|||
| Gas utility | |||
| March 31 | % | ||
| 2nd QTR | 2007 | 2006 | CHG. |
| Profit | $10,367 | $8,986 | +15.4 |
| Per share | 0.90 | 0.78 | +15.4 |
| Sales | 177,909 | 163,108 | +9.1 |
| 1st HALF | 2007 | 2006 | CHG. |
| Profit | $17,156 | $17,026 | +0.8 |
| Per share | 1.49 | 1.49 | — |
| Sales | 335,093 | 322,226 | +4.0 |
| COMMENT: 2007 figures for the Seattle company include expenses related to Cascade's pending purchase by MDU Resources; those expenses reduced first-half net profit by $1.2 million, or 11 cents per share. The deal, in which MDU will buy Cascade for $26.50 a share, awaits formal approval from regulators in Washington and Oregon; Cascade said it expects those approvals sometime this summer. | |||
| Expedia | |||
| Online travel agency | |||
| March 31 | % | ||
| 1st QTR | 2007 | 2006 | CHG. |
| Profit | $34,776 | $23,335 | +49.0 |
| Per share | 0.11 | 0.06 | +83.3 |
| Sales | 550,511 | 493,898 | +11.5 |
| COMMENT: After excluding several one-time items, the company's adjusted per-share profit of 18 cents was 2 cents below the Wall Street consensus estimate. That pushed the stock of Bellevue-based Expedia down 61 cents, or 2.5 percent, to close Tuesday at $24.20. Nonetheless, gross bookings were up 8 percent year-over-year, with European bookings up 32 percent (22 percent when the weaker dollar is factored in). | |||
| Marchex | |||
| Search marketing | |||
| March 31 | % | ||
| 1st QTR | 2007 | 2006 | CHG. |
| Profit | $548 | ($1,196) | |
| Per share | 0.01 | (0.03) | |
| Sales | 34,223 | 31,112 | +10.0 |
| COMMENT: The Seattle company said it anticipates revenue to be as much as $150 million for the year. | |||
| Scolr Pharma | |||
| Specialty pharmaceuticals | |||
| March 31 | % | ||
| 1st QTR | 2007 | 2006 | CHG. |
| Profit | ($1,895) | ($3,088) | +38.6 |
| Per share | (0.05) | (0.09) | +44.4 |
| Revenue | 1,120 | 93 | +1,104 |
| COMMENT: The Bellevue company's big revenue gain was due primarily to $609,000 of research-and-development income and $173,000 of licensing-fee income stemming from the company's terminated agreement with Wyeth Consumer Healthcare. CEO Daniel Wilds said the company was initially disappointed by Wyeth's decision to end the agreement involving extended-release ibuprofen delivery, but encouraged by the number of potential licensing and partnership inquiries from other pharmaceutical companies now interested in its program. | |||
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