Millennial Media Inc. (MM) reported fourth quarter GAAP EPS of $0.03 after the bell Tuesday, compared to the loss of $0.07 in the previous year. Revenue increased to $58.0 million from $34.5 million a year ago. The consensus estimates were for EPS of $0.03 and revenues of $62.89 million.
The company expects to report first quarter revenues of $48 million to $50 million and between 270 million and $280 million for the full year 2013. The consensus estimates are for revenues of $56.41 million and $286.44 million.
Millennial Media gapped open dramatically lower Wednesday and fell in early trade, before settling into a narrow range. Shares finished down by 5.38 at $8.95 on strong volume. The stock dropped below its 50 and 200-day moving averages and sank to a 6-month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.