EARNINGS REPORTING - surprises, misses & more Message Board

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

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To: 2MAR$ who wrote (205)	7/25/2000 6:13:21 PM
From: 2MAR$	Read Replies (1) of 762

7/25..ARTG...turns profit ahead of schedule BOSTON, July 25 (Reuters) - Art Technology Group Inc (NasdaqNM:ARTG - news) said on Tuesday it turned a profit two quarters ahead of schedule, triggering a run-up on the Internet software company's stock in after-market trading. Art Technology, which provides Web content management software, said it earned $2.9 million, or 4 cents a share, in the second quarter, compared with a loss of $1.6 million, or 8 cents a share, during the year-ago quarter. The company said its revenue increased 426 percent to $32.6 million, up from $6.2 million in the year-ago period. The Cambridge, Mass.-based company's profit of 4 cents per share beat analysts' consensus expectations for a loss of 3 cents per share, according to First Call/Thomson Financial. Following the report, Art Technology shares jumped 11.36 percent in after-hours trading to 115 from its closing price of 103-17/64 on the Nasdaq stock market. In retgular session trading, the stock lost 1-47/64 from Monday's closing price of 105.

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