SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: im a survivor who wrote (35442)4/25/2001 4:58:17 PM
From: im a survivor  Read Replies (1) | Respond to of 35685
 
InfoSpace beats quarterly loss estimate
SEATTLE, April 25 (Reuters) - InfoSpace Inc. (NASDAQ:INSP), which offers content and services to Web sites and wireless companies, on Wednesday reported a quarterly loss that beat Wall Street expectations on strong demand for its wireless offerings.

The Seattle-based company said its pro form net loss for its first quarter ended March 31 was $5.47 million, or 2 cents a share, compared with a profit of $14.86 million, or 4 cents a share a year earlier.

Analysts had expected InfoSpace to lose 4 cents a share, according to the consensus estimate compiled by Wall Street tracking firm Thomson Financial/First Call.

Revenues rose about 20 percent to $46.56 million from $38.78 million.

"With the rapid adoption of our wireless services, new customer wins and significant growth in the amount of transactions processed, InfoSpace continues to demonstrate its strength and ability to generate new business and pursue favorable market opportunities," Chief Executive Naveen Jain said in a statement.