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Non-Tech : EARNINGS REPORTING - surprises, misses & more
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To: 2MAR$ who wrote (378)10/21/2000 5:28:55 AM
From: 2MAR$   of 762
 
SPWX (+$10 @ $89)...Posts Triple Revenues

NEW YORK (Reuters) - SpeechWorks International Inc. (NasdaqNM:SPWX - news) on Thursday said third-quarter revenues more than tripled compared with last year helped and posted a loss below Wall Street's expectations in the first quarter the voice recognition software maker reported as a public company.

The Boston-based company said that excluding non-cash charges and amortization of intellectual property rights, it lost $5.4 million, or 20 cents a share, compared with a pro-forma of $3.7 million, or 19 cents, in the year-ago period. The pro-forma presents the company's performance as if it had been publicly traded last year for comparison purposes.

A consensus of analysts estimates predicted the company would lose 23 cents a share, according to First Call/Thomson Financial. The five analysts surveyed, three of whom helped the company's shares enter the public market, predicted SpeechWorks would lose between 23 cents and 25 cents a share.

The company said it generated $8.6 million in the third quarter, compared with $2.6 million in the third quarter 1999.

Shares of SpeechWorks Thursday closed up 13-1/16, or 19 percent, to $81 before the financial report was released. The company's 52-week high as $108-1/, its low $44-15/16.
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