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Technology Stocks : CyberShop International, Inc. (CYSP)
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To: AugustWest who wrote (358)11/3/1998 9:42:00 AM
From: Platter  Read Replies (1) of 884
 
From Briefing.com this morning...ET Cybershop International (CYSP) 8 1/8: Internet retailer reported a Q3 loss of $0.15 a share, 4 cents narrower than analysts were expecting; revenue rose 121% to $454,000; gross margin fell to 26%, from 41.5% yr/yr and 27.7% qtr/qtr. While bottom-line was better than expected, Needham says revenue disappointed. Attributes the upside surprise to weaker than expected marketing spending. However, based on management's revised marketing plan, firm raises operating expense estimate for Q4 by $1.5 mln to $4.5 mln and adjusts estimate from loss of $0.27 to loss of $0.46. CYSP flat in pre-market.
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