Comments on: The Knot’s Profits Drop 64 Percent http://onlinedatingpost.com/archives/2009/11/the-knot%e2%80%99s-profits-drop-64-percent/ Online Dating Industry Consulting & Commentary Thu, 24 May 2012 21:18:29 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Barrett http://onlinedatingpost.com/archives/2009/11/the-knot%e2%80%99s-profits-drop-64-percent/comment-page-1/#comment-287242 Barrett Wed, 11 Nov 2009 02:15:53 +0000 http://onlinedatingpost.com/archives/2009/11/the-knot%e2%80%99s-profits-drop-64-percent/#comment-287242 Hmm maybe I'm reading things differently. Reuters (http://www.reuters.com/article/pressRelease/idUS247313+05-Nov-2009+BW20091105) said that "Net income for the third quarter of 2009 was $771,000 or $0.02 per basic and diluted share compared to net income of $2.2 million or $0.07 per basic and diluted share for the third quarter of 2008." That was just the 3rd quarter though so your first sentence should read: "Wedding site The Knot saw profits fall about 64 percent to $771,000 for the 3rd quarter when compared to last year, as debt and other expenses dragged earnings down." Their net profit for the year to date, Sept 30th 2009, is $28.2 million compared with net revenue of $27.0 million for the third quarter of 2008, an increase of 4%. Hmm maybe I’m reading things differently. Reuters (http://www.reuters.com/article/pressRelease/idUS247313+05-Nov-2009+BW20091105) said that “Net income for the third quarter of 2009 was $771,000 or $0.02 per basic and diluted share compared to net income of $2.2 million or $0.07 per basic and diluted share for the third quarter of 2008.”

That was just the 3rd quarter though so your first sentence should read:
“Wedding site The Knot saw profits fall about 64 percent to $771,000 for the 3rd quarter when compared to last year, as debt and other expenses dragged earnings down.”

Their net profit for the year to date, Sept 30th 2009, is $28.2 million compared with net revenue of $27.0 million for the third quarter of 2008, an increase of 4%.

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