Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Internet media company blinkx plc (BLNX) has announced adjusted basic earnings per share of $cents 7.05 (4.15p at current exchange rates) for its year ended 31st March 2014, from a prior year 6.98 cents. Whilst seeing “many growth opportunities”, it announced that “we are taking steps to reallocate resources to emerging channels, including mobile and connected TV. We expect this shift to incur a marginal incremental operating cost”. The following updates with the shares currently trading more than 8% lower on the day, at 85p.
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