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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Sterner who wrote (13181)8/19/1998 6:42:00 PM
From: Jenna  Respond to of 120523
 
Lycos revenues surge ... way to go internets!
I expect a gap up in the stock in the morning. Could lead to others in sector to have increases as well.

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Internet search engine company Lycos Inc. reported stronger-than-expected results after the market closed Wednesday as revenues surged. Excluding special items, the company reported a loss of $1.6 million, or 9 cents per share, for its fiscal fourth quarter, better than the 13-cent loss expected by Wall Street analysts.
Revenues for quarter ended July 31 were $19.0 million, representing an increase of 26 percent over the previous quarter ended April 30, and a 145-percent increase over the quarter ended July 31, 1997.