INTERWOVEN narrows quarterly loss, posts 1Q loss per share of $0.14 vs. loss of $0.20
cbs.marketwatch.com
By Chris Kraeuter, CBS MarketWatch
Last Update: 9:01 PM ET Apr 19, 2000 NewsWatch
SUNNYVALE, Calif. (CBS.MW) -- Interwoven tacked on almost $350 million in market capitalization following its report late Tuesday of better-than-expected quarterly results.
Interwoven (IWOV: news, msgs) reported a first-quarter loss of $2.2 million, or 10 cents a share, compared with a loss of $2.1 million, or 15 cents per share, for the same period last year.
Analysts polled by First Call had expected the company to lose 15 cents a share.
Revenue for the Sunnyvale, Calif., provider of Web content management software rose to $13.9 million in the latest three months from $2.1 million a year ago.
Interwoven, which added 80 licensing customers in the quarter, including Internet high fliers Akamai Technologies and Commerce One, gained 11 3/8, or 19 percent, to 71 9/16 in Wednesday trading. The stock edged lower in after-hours trading. |
