Marchex beats analyst expectations for Q1 and sells more domain names.
Local marketing company Marchex sold $1.3 million worth of non-strategic domain names during the first quarter of 2010. This is in line with previous quarters. In an earnings press release, the company continued to note that “There is still significant demand for high quality domains and Marchex believes that will remain the case for the foreseeable future”. Marchex is known for only responding to domain sales inquiries if they approach $30,000 or more.
Overall, the company said adjusted earnings for Q1 came in at $.04 per share, compared to $.02 for the same period last year. That beat analysts expectations by a penny. Revenue was down $2.6 million to $24.0 million. Much of that can be attributed to no longer being able to offer Yahoo! paid inclusion services.
The company provided revenue guidance of $90 million to $95 million for 2010 and predicts more than $19.5 million in the current quarter.