InfoGroup reports Q4 revenue drop
InfoGroup reported a 4% decline in revenue for the fourth quarter of 2008, down to $178.1 million from $185.8 million over the same period in 2007, according to its earnings report released today.
The company's operating income for Q4 was $9.2 million, compared to income of $24.7 million for Q4 2007.
InfoGroup reported earnings per share for the period at 3 cents, vs. earnings per share of 20 cents for the same period in 2007.
For all of 2008, revenue for the company was $738.3 million, an increase of 7% over revenues of $688.8 million in fiscal year 2007.
For the full year, InfoGroup's operating income was $25.3 million, compared to $86.5 million in 2007.