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Technology Stocks : Commerce One Inc - (CMRC) -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (1524)10/19/2000 11:14:59 PM
From: bob zagorin  Respond to of 1938
 
Commerce One Q3 loss narrower than forecast

PLEASANTON, Calif., Oct 19 (Reuters) - Commerce One <CMRC.O>, which makes software that links buyers and sellers in Internet trading communities, on Thursday said its third-quarter loss was smaller than analysts expected.

The company posted a net operating loss of $14.7 million or 9 cents per share, compared with an net operating loss of $10.3 million or 7 cents per share in the year-ago period. Those results excluded interest, income tax and acquisition-related costs.

The latest results beat Wall Street's consensus forecast for a third-quarter loss of 12 cents per share, according to First Call/Thomson Financial.

Revenues rose to $112.7 million from $10.4 million in the year-ago quarter.

Commerce One's third-quarter net loss was $60.6 million or 37 cents per share, compared with $10.4 million or 7 cents per share during the same period a year ago.

16:36 10-19-00