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Carl Icahn darling WebMD (WBMD -11.8%) is closing in on its 52-week low following its Q3 report....

Carl Icahn darling WebMD (WBMD -11.8%) is closing in on its 52-week low following its Q3 report. Though results beat estimates and implied Q4 revenue guidance of $118M-$133M is in-line with a $126M consensus, the company added it expects challenging business conditions to persist into 2013. WebMD noted on its earnings call ~25% of its "usage views" over the first 9 months of 2012 came from mobile devices, while desktop traffic declined - judging by WebMD's peers, that's likely causing some monetization challenges.
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    My goodness their mobile app is terrible, seems to get worse and less useful with each update. Seeing slipping results is not a surprise given the decline in product.
    2 Nov 2012, 04:43 PM Reply Like
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