VerticalNet, Inc. [VERT] Message Board

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Technology Stocks : VerticalNet, Inc. [VERT]

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To: puborectalis who wrote (933)	7/26/2000 9:12:09 PM
From: Sarkie	of 1094

NEW YORK, July 26 (Reuters) - VerticalNet Inc. (NASDAQ:VERT), which provides industry-specific online Web marketplaces and information to businesses, on Wednesday reported second-quarter results that blew past Wall Street forecasts on revenues that grew more than 1,400 percent over last year. Excluding acquisition costs, the Horsham, Pa.-based company said it lost 23 cents a share compared with a loss of 10 cents a share, in the same period 1999. Analysts had expected the company to lose 30 cents a share, according to the research firm First Call/Thomson Financial. Revenue for the company grew to $53.6 million up from $3.6 million in the year-ago quarter and up 95 percent from the first-quarter's $27.5 million "I figured this quarter would be strong," said Rob Damron, an analyst with Tucker Anthony Cleary Gull. "It was an excellent quarter." Damron had expected the company to earn 26 cents a share on revenue of $41.3 million. Earnings estimates ranged from loss of 36 to a loss of 25.

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