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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: 2MAR$ who wrote (102543)5/4/2000 8:16:00 AM
From: puborectalis  Read Replies (1) of 108040
 
Homestore.com should gain ground Thursday after it topped analysts' estimates in its first quarter, losing $10 million, or 14 cents a share, on sales of $38.6 million.

First Call Corp. consensus expected the online real estate site to lose 16 cents a share in the quarter.

Its shares fell 1 13/16 to 23 1/8 Wednesday.

The $38.6 million in sales represents a 271 percent improvement from the year-ago quarter when it posted a loss of $17.2 million, or 31 cents a share, on sales of $10.4 million.

Including a variety of stock-based and amortization charges, Homestore.com lost $29.2 million, or 39 cents a share, in the quarter.

Company officials credited a surge in professional subscription sales for the upside surprise.
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