Tuesday, July 29, 2008

Idearc's Earnings Were Not So Good


Idearc's earnings came in today and they weren't very good. Profit down 30%, revenue down 5.7%. And if you look earlier this month, you'll see a press release about them bringing in a former Private Equity person to be their CEO. That can't be good for the employees there. Any by the way, the stock is currently down about 35% on the news (RHD is down 20ish percent as well, and report earnings tomorrow).

IAR: 1.44 -0.76 (-34.55%) - Idearc Inc.

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