United Online falls as 2nd-quarter revenue, 3rd-quarter outlook both miss analyst views

United Online shares fall after 2Q report

SAN FRANCISCO — Shares of United Online Inc., which sells products and services online and owns online florist FTD Group Inc., sank Thursday after the company reported lower second-quarter revenue than analysts expected and predicted third-quarter revenue below Wall Street views, too.

United Online shares fell 84 cents, or 13.2 percent, to $5.55.

The company said late Wednesday that it earned $13.1 million, or 15 cents per share, in the second quarter, compared with $17.7 million, or 21 cents per share, in the year-ago period.

When excluding one-time items, United Online earned 27 cents per share; a penny more than what analysts polled by Thomson Reuters expected.

Revenue fell 7 percent to $242.7 million, missing analyst expectations by $7 million.

Revenue from FTD increased 2 percent to $152.7 million, but revenue from the company’s Classmates Media segment, which includes the website Classmates.com, fell 16 percent to $48.8 million. And the company’s communications segment revenue fell 22 percent to $42 million.

For the current quarter, the company predicted $185 million to $191 million in revenue; analysts expect $206 million in revenue.