Media-measurement company Comscore reported disappointing first-quarter earnings and said it would reduce its head count
Comscore reported a first-quarter net loss of 46 cents a share, narrower than a net loss of 93 cents a share a year ago. Photo: Kris Tripplaar/Sipa USA/Associated Press By Alexandra Bruell Updated May 9, 2019 4:37 p.m. ET Comscore Inc. shares fell more than 10% a day after the media-measurement company reported disappointing first-quarter earnings and said it would reduce its head count.
“Over the past five weeks, we began a strategic review of the company, including all aspects of customer relationships, products, and organization structure,” Comscore’s interim chief executive, Dale Fuller, said in an earnings statement. “While the strategic review is still in process, we have identified and implemented actions this week that we believe will result in a better customer experience, improved organizational efficiency, and resources that are better aligned with business needs.
Bryan Wiener, the company’s former chief executive, and Sarah Hofstetter, its president, announced their resignations March 31 after less than a year in their roles, citing disagreements with the board over the execution of the company’s strategy. In addition to cutting staff, the company said it is renegotiating data contracts and lowering its fixed costs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 Most Interesting Announcements From Microsoft BuildHere are the most exciting announcements from Microsoft Build related to cloud, containers, DevOps, IoT and edge computing.
Read more »
The 10 Biggest Problems With Last Night's 'Game Of Thrones' (Other Than That Starbucks Cup)That Starbucks cup fans noticed in last night's episode of 'Game Of Thrones' was the least of its problems. Here are ten more that you should be very worried about.
Read more »
The meals professional chefs would make if they had just 10 minutes and $2We asked chefs what the best meals are when you have just $2. Here's what they said
Read more »
The 10 highest-paying jobs in techGlassdoor analyzed more than 71,000 open job listings at tech companies that require knowledge of code, software or data to find the 10 highest paying roles workers can hold within the tech industry.
Read more »
Inside a traditional Hopi wedding: 10 days of family, food and mud fights
Read more »
3 expenses to avoid if you want to retire in 10 yearsIf you want to retire in 10 years, it's smart to keep saving — but you'll also want to turn a sharp eye to your expenses.
Read more »
The top 10 Heisman Trophy candidates in college football after spring practiceAn Oklahoma quarterback has won the last two Heisman awards and there's a candidate this year. But Trevor Lawrence and Tua Tagovailoa lead the race.
Read more »
Fast-growing Washington state knocks Massachusetts out of the top 10 largest state economiesWashington, the fastest-growing state in the nation, was the only state to move up the rankings this year, Commerce Department data show.
Read more »