ReachLocal Q4 Loss Widens

(RTTNews) - ReachLocal Inc. (RLOC), Tuesday reported fourth-quarter net loss of $585 thousand or $0.02 per share, compared to net loss of $394 thousand or $0.01 per share last year.

Adjusted net income for the quarter was $1.56 million or $0.05 per share, compared to $4.48 million or $0.15 per share last year.

Revenues for the quarter grew 11 percent to $132.9 million from $120.0 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.03 per share on revenues of $134.5 million for the quarter.

Looking forward to the first quarter, the company expects revenues of $124 million to $126 million. Analyst currently estimate revenues of $137.05 million for the quarter.

The company expects full year 2014 revenues to be $580 million to $600 million. Analysts currently estimate revenues of $591.72 million for the year.