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Technology Stocks : EarthWeb IPO
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To: Skywatcher who wrote (169)2/4/2000 11:15:00 AM
From: Skywatcher  Read Replies (1) of 177
 
EarthWeb posted a smaller-than-expected loss in its
fourth quarter, losing $5.7 million, or 58 cents a share,
on sales of $11.5 million.
First Call consensus expected it to lose $1.03 a share in the quarter.
The $11.5 million in sales represents a whopping 701
percent improvement from the year-ago quarter when it
lost $3.8 million, or 54 cents a share, on sales of $1.4
million.
For the year, EarthWeb lost $22.6 million, or $2.46 a
share, on sales of $31.1 million compared to a loss of
$9 million, or $1.51 a share, on sales of $3.3 million in
fiscal 1998.
Its shares peaked at 89 in April before falling to a low of
25 3/8 in June.
That's a MAJOR upside surprise...revs up from 1.4 to 11.5
chris
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