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United Online projects 1Q earnings above expectations

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April 30, 2008

WOODLAND HILLS, Calif.—Internet service provider United Online Inc. said Wednesday that preliminary first-quarter revenue beat its expectations.

The company now expects revenue of $121 million to $121.8 million, from previous guidance of $116 million to $120 million. Analysts expect revenue of $118.8 million.

It expects earnings between 18 and 19 cents per share, or between 30 and 31 cents excluding one-time items.

Analysts polled by Thomson Financial, on average, expect a profit of 24 cents per share. Analyst estimates typically exclude one-time items.

Separately, United Online said it agreed to buy FTD Group Inc., a florist and gift company, for about $456 million.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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