By: Online content providers' shares traded mixed Thursday, with The Knot Inc. falling after reporting its fourth-quarter profit met analysts' expectations but giving 2008 revenue guidance that led one analyst to downgrade the stock.
The wedding Web site operator said late Wednesday that its fourth-quarter profit fell 82 percent to 8 cents per share; analysts polled by Thomson Financial expected 7 cents per share.
The company's earnings in the year-ago quarter -- 45 cents per share -- were aided by a tax benefit and a gain from a legal settlement.
The Knot's revenue totaled $24.2 million; analysts had expected $24.9 million.
The company said it expects 2008 revenue growth "in the mid teens" due to investments it will be making in its product and infrastructure.
JPMorgan analyst Barton Crockett downgraded the stock to "Neutral" from "Overweight" after The Knot's report, saying in a note to investors that the company's new 2008 guidance "implies limited earnings growth."
"While guidance is likely conservative, and earnings growth should reaccelerate in 2009, we don't expect those arguments to excite investors for now," he said.
Here's how key online content providers fared in trading Thursday:
The Knot Inc. fell $2.23, or 16.1 percent, to $11.66
Answers Corp. rose a penny to $5.50
TheStreet.com Inc. fell 39 cents, or 3.3 percent, to $11.27
Travelzoo Inc. fell 61 cents, or 5.4 percent, to $10.73
CNET Networks Inc. fell 14 cents to $7.90
Monster Worldwide Inc. fell 79 cents to $27.16
WebMD Health Corp. rose 16 cents to $29.11
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