BOUT...gets wsj write up
Oct 23,2000
About Inc. Posts Strong Revenue,
Says Profit Will Come in 1st Period
A WSJ.com News Roundup
NEW YORK -- About Inc. reported a third-quarter loss, but results at the fast-growing Web guide beat Wall Street expectations and the company said it remains on track to post an operating profit in the first quarter.
The company posted a net loss of $14.6 million, or 80 cents a share, compared with a loss of $13.2 million, or $1.08 a share, in the year-earlier period. (The company had about 18.3 million shares outstanding in the third quarter, up from 12.2 a year earlier.)
Excluding noncash compensation and goodwill-amortization charges, About had a loss of $3.2 million, or 18 cents a share, compared with a loss of $12.7 million, or $1.04 a share, in the year-earlier period, on a similar basis.
Analysts surveyed by First Call/Thomson Financial were expecting a loss, excluding items, of 21 cents a share.
Revenue more than tripled to $26.8 million from $7.9 million in the year-ago quarter, and was up 33% sequentially from $20.1 million in the second quarter.
Average daily page views rose 48% to 34.1 million in September, from 23 million in June. Cash, cash equivalents and investments totaled $133.8 million at Sept. 30. |
