FindWhat.com sees revenue rise

FindWhat.com, a search marketing company, on Monday said its second-quarter revenue soared 80 percent from a year earlier. The Fort Myers, Fla.-based company reported a net income of $2.7 million, or 12 cents per share, on revenue of $17.5 million for the second quarter. That compares with a net income of $4.3 million, or 22 cents per share, on revenue of $9.7 million in the same period of 2002. Those figures exclude income tax expense and include a deferred tax benefit of $1.8 million.

Analysts expected the company to report earnings of 11 cents a share on revenue of $16.4 million, according to First Call. In addition, the company said that for the full year, it expects to earn $70 million, or 48 cents per share, in 2003, up from estimates of $67.5 million in sales previously.