LONDON (Brand Republic) – Online financial news provider TheStreet.com has warned that its third-quarter revenues will be less than expected, because of low advertising sales and delays in implementing a new business model.
The company said, however, that its losses would be in line with forecasts. Analysts expect the losses to be 37 cents a share.
Chief executive Tom Clarke said the company would cut costs in order to meet earnings expectations. (Wall Street Journal)
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