DTHK ($9-$14) EPS -1.5 Narrower loss, Rev's doubled, Guides Higher
Tuesday July 17, 5:08 pm Eastern Time
DigitalThink's loss narrows
SAN FRANCISCO, July 17 (Reuters) - DigitalThink Inc. (NasdaqNM:DTHK - news) Tuesday reported a narrower fiscal first quarter loss, excluding certain costs, as demand for its technical training services grew and it raised its outlook for the remainder of the year.
For the three months ended June 30, the San Francisco company said its loss, excluding goodwill amortization expenses, shrank to $4 million, or 11 cents per share, from $6.1 million, or 18 cents per share, a year earlier. Including goodwill expenses in both periods, its net loss grew to $8.6 million, or 24 cents per share, from $7.7 million, or 23 cents per share.
Excluding goodwill expenses, analysts had been looking for a loss of 12 to 14 cents per share, with a mean loss of 13 cents per share, according to research firm Thomson Financial/First Call.
Revenue more than doubled to $15 million from $6.3 million.
DigitalThink said it is increasing the target range for fiscal 2002 revenues to $60 million to $65 million from earlier estimates of $55 million to $60 million. |
