<<<SAN FRANCISCO, Aug. 31 /PRNewswire/ -- The following is being issued by Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
Estimate Changes:
Alloy Online, Inc. (Nasdaq: ALOY $8.94)
2000 EPS: ($0.92) from ($0.93)
Buy
Lauren Cooks Levitan, eConsumer
"Alloy Online announced fiscal second quarter revenues of $11.1 million, which were up an impressive 191.2 percent year-over-year, 45 percent sequentially and 23 percent above our estimate of $9.0 million," said Levitan. "We expect shares of Alloy to react positively to the company's strong second quarter results, given we believe they point to impressive back-to-school business momentum and serve to validate our positive investment thesis on Alloy's multi-channel business model. We reiterate our Buy rating.">>>
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<<<Earnings Surprises.... Alloy Online reports
By Barbara C. Costanza, CBS.MarketWatch.com
Last Update: 4:57 PM ET Aug 30, 2000 NewsWatch
Latest headlines
Positive Surprises
Shares of Alloy Online (ALOY: news, chart) could get a boost Thursday morning due to a better-than-expected second quarter. The company posted a loss of $5.7 million, or 31 cents a share, while analysts expected a loss of 34 cents a share. In the year-ago period, the company lost $3.1 million, or 23 cents a share. Revenue for the latest quarter totaled $11.1 million, an increase of 191 percent compared with $3.8 million in the year-ago period. Gross profit increased to $6.6 million, or 59.8 percent of revenue. The stock closed up 22 cents to $8.94.>>> |
