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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JC Reddy who wrote (1495)	7/30/1998 3:18:00 PM
From: Irene Lynn	Read Replies (1) \| Respond to of 4903

here's the reason for onsl's latest surge.... irene Onsale beats revised estimates By Sandeep Junnarkar Staff Writer, CNET NEWS.COM July 30, 1998, 11:15 a.m. PT Onsale today announced that it has surpassed First Call's updated earnings-per-share estimate for its previously announced second-quarter earnings, based on analysts' expectations. First Call, a research group that provides earnings estimates and corporate information to the financial community, revised its consensus of analysts' estimates for Onsale's second quarter from a 20-cent-per-share loss to a loss of 22 cents per share. On Wednesday, Onsale reported a net lot of 21 cents per share. The loss included a previously announced one-time marketing payment to Cendant, relating to a partnership forged with Resort Condominiums International. (See related story) After the online auctioneer reported its financial results, it contended that the one-time marketing payment was not included in all of the analysts' estimates provided to First Call. First Call then corrected the numbers in all of its earnings estimates to reflect the charge, resulting in the revised loss of 22 cents per share for the second quarter. "There was a lot of confusion about whether or not we were in line with analysts' expectations," said Jerry Kaplan, Onsale's president and CEO. "This caused a substantial amount of erroneous information in the press, leading to some frustration among shareholders." Tech Talk... Join the discussion! Go to Front Door \| Business \| Search Short takes \| All the Headlines Latest Headlines display on desktop The Net Speed surfing with fast food NSI registries up 91% Rallying for the e-rate Teen hackers plead guilty Computing Motorola ready to make AMD chips Microsoft, Thomson in Net TV deal Fastest AMD chip in notebook Profits, 450-MHz chips to come from AMD Intranets Security firms target email flaw MRP veteran Mapics going strong Bucks from bugs Eudora free from email bug Eckerd expands IBM services Business HP managers to take pay cut Onsale beats revised estimates Playboy Online revenues double Allen buys second cable firm MCI beats Street estimates 3DO posts loss Zapata income jumps Miss a day? All the Headlines FREE newsletter sample Where to shop Advertiser links Unbeatable software deals at Cyberian Outpost Bid on computer products at Surplus Auction Need it? Get it now! Software at BuyDirect.com Get computer bargains at Surplus Direct Save on computer books at Borders.com JavaScript tricks, tip, tools and more! Back to Top Copyright c 1995-98 CNET, Inc. All rights reserved. Privacy policy.