Breaking News:'s narrows 2Q loss; adjusted earnings beat narrows its 2nd-quarter loss but adjusted earnings beat market expectations

Associated Press

JACKSONVILLE, Fla. (AP) -- Group Inc.'s shares jumped in after-hours trading Thursday after the online marketing company delivered a better-than-expected adjusted second-quarter profit.

The Jacksonville, Fla., company posted a loss of $9.7 million, or 20 cents per share, for the period that ended June 30. That is compared with a loss of $19.1 million, or 41 cents per share, in the second quarter last year. After adjusting for stock-based compensation, restructuring costs and other special items, it earned 51 cents per share versus 38 cents per share.'s total revenue increased to $120.4 million from $98.9 million. The company said it consistently and profitably added subscribers during the period, with more than 3 million subscribers by the end of the period. Its average revenue per user was $14.09, up from $13.89 in the first quarter.

Analysts polled by FactSet, on average, were anticipating adjusted earnings of 49 cents per share on revenue of $130.7 million. provides Internet services to small businesses in order to help them compete online, including domain registration, website design, social media assistance and search engine optimization.

Shares of the company jumped $1.29, nearly 5 percent, to $28.70 in after-hours trading following the report. Its stock added $1.43 ahead of the report to close regular trading at $27.41.

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