Revenues climbed by to . Earnings grew to . a share well ahead of both the . a share it earned a year earlier and the . per share that Wall Street was expecting. You can also review LoopNet s last quarter in which the company beat Wall Street expectations as well. The number of paying subscribers of the site s . million registered users came in higher. Listings grew by to . Page views of . million represented a increase. Unique visitors inched higher to . These aren t alarming trends. If anything it may be initially comforting to see LoopNet make more of less. The company actually expects a sequential dip in premium members during the current quarter. That is having an impact on the number of successfully completed transactions in the industry. LoopNet can still grow in a stagnant sector. It can obviously benefit from the online migration. It also recently acquired CityFeet its nearest competitor. Investors will need to keep an eye on the current ! quarter. It s projecting a profit of . a share for the period on . Spoiled analysts were perched on the . There is also the worrisome sequential dip in premium subscribers. If business is getting tough it will be hard to justify fee increases in the near term. Yes that sounds a lot like eBay s current dilemma as well. Maybe the companies should swap notes if eBay doesn t buy it outright. homes still threatened U.
Source: http://www.msnbc.msn.com/id/21471304/
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