United Online Says Net Income Soars
United Online Inc., owner of the Juno and NetZero Internet-access services, said fourth-quarter profit jumped more than fivefold, helped by a tax benefit and an increase in subscribers.
Net income rose to $24.4 million, or 35 cents a share, from $4.71 million, or 7 cents, a year earlier, the Westlake Village-based company said. Revenue jumped 47% to $96.9 million from $65.8 million.
From Bloomberg News
* Cendant Corp., the largest U.S. real estate and travel services company, said fourth-quarter earnings rose 17%, boosted by increased car rentals and hotel bookings. Net income rose to $288 million, or 28 cents a share, from $247 million, or 24 cents, a year earlier. Revenue rose 12% to $4.35 billion.
* Harrah’s Entertainment Inc., the No. 2 U.S. casino company, said fourth-quarter earnings fell 34% because it paid off debt and had higher costs to start an Internet gambling site. Net income dropped to $35.4 million, or 32 cents a share, from $53.9 million, or 48 cents, a year earlier, the Las Vegas company said. Revenue rose 3.6% to $1.04 billion.
