Local.com Corp Issues Q3 2012 Guidance Above Analysts' Estimates; Lowers FY 2012 Revenue Guidance; Raises FY 2012 Earnings Guidance

Local.com Corp announced that for the third quarter of 2012, it expects revenue to be approximately $24.5 million, adjusted net income to be approximately breakeven, or $0.00 per diluted share. For fiscal 2012, it revenue to be approximately $106 million and adjusted net income is expected to be approximately $2.2 million, or $0.10 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $28.2 million, net income of $(0.30) million and EPS of $(0.01) for the third quarter of 2012; revenue of $111.43 million, net income of $(2.39) and EPS of $(0.10) for fiscal 2012.