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To: Dealer who wrote (25165)7/12/2000 7:40:46 PM
From: Dealer  Respond to of 35685
 
ARBA--Up 13 on earnings report--Shares of Ariba climbed higher during after-hours trading sparked by positive earnings news.

The Mountain View, Calif. based maker of e-commerce software said it generated a record $80.7 million in revenue for the third quarter, compared to $11.9 million for the year ago period, and $40 million for the pervious quarter.

Quote Snapshot
ARBA 103.50 12.38

The company posted a net loss 5 cents per share excluding non-operating charges, versus a loss of 11 cents a share last year. Ariba beat Wall Street's forecast of an 8-cent loss, the consensus estimate of 27 analysts surveyed by First Call.

Shares of Ariba rose $12.25, or nearly 12 percent, to $115.75 in after hours trading on a volume of 926,300, making it the second most actively traded stock on the Nasdaq. During the day, Ariba climbed $12.38, or about 14 percent, to $103.50.