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FindWhat Profits Down as CFO Quits, Auditor Replaced

Findwhat.com said its chief financial officer will resign, it will replace its current auditor, and it has removed some distribution partners, "thereby negatively affecting the company's short-term financial performance," MarketWatch reported. During the first quarter, revenue rose 136% to $58.2 million, while net income dropped to $3.2 million, or 10 cents a share, from $3.8 million, or 16 cents a share last year. The company's shares dropped $1.27, or 20.6%, to $4.89 in pre-open trade.

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