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Technology Stocks : VerticalNet, Inc. [VERT]
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To: ColtonGang who wrote (935)7/27/2000 1:56:55 AM
From: Sarkie  Read Replies (2) of 1094
 
NEW YORK, July 26 (Reuters) - The chief financial officer
of online electronic commerce operator VerticalNet Inc.
(NASDAQ:VERT) Wednesday said the company is committed to post a
smaller loss for the year than Wall Street expects.
"We expect to beat the consensus loss of 87 cents (per
share)," CFO Gene Godick told analysts in a conference call
after the company released second-quarter results.
Godick also said the Horsham, Pa-based company expects
revenues to grow between $210 million and $215 million by the
end of the year.
The company also expects third-quarter revenue to be 20
percent above prior estimates.
On Wednesday, the company said that excluding one-time
items, it lost 23 cents in the second quarter, beating the
analysts consensus of 30 cents a share, according to First
Call/Thomson Financial.
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