EARNINGS REPORTING - surprises, misses & more Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : EARNINGS REPORTING - surprises, misses & more

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 2MAR$ who wrote (41)	4/23/2000 10:32:00 AM
From: Mr. Big	Read Replies (1) of 762

Critical Path (Nasdaq: CPTH)rolled past analysts' estimates in its first quarter Thursday even though it lost $16.8 million, or 33 cents a share, on sales of $24.6 million. First Call consensus expected it to lose 41 cents a share in the quarter. Ahead of the earnings report, Critical Path shares fell 2 1/2 to 45 1/8. The $24.6 million in sales marks a stunning 2,200 percent jump from the year-ago quarter when it lost $5.4 million, or 77 cents a share, on sales of $1.05 million. "We continued to increase gross margin in the quarter, reflecting the success of our business model and maintaining our path to profitability," said CEO Doug Hickey in a prepared release. Gross profit margin for the quarter was $9.2 million, a 513 percent increase over gross margin of $1.5 million in the prior quarter. Critical Path exited the quarter with 15.5 million outsourced mailboxes, up 40 percent from 11.1 million outsourced mailboxes at the close of the fourth quarter. The company also reported that it powers 69.8 million insourced mailboxes and 25 million wireless devices.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next