Push-software maker BackWeb foresees quarterly loss
The company says it expects to report a third-quarter loss of approximately 1 cent to 2 cents per share before charges.
The expected loss excludes amortization charges related to a previous acquisition and deferred stock compensation. In the same quarter last year, BackWeb reported a net loss of 9 cents per share.
The third-quarter loss will be in line with analysts' expectations. Analysts polled by First Call/Thomson Financial expect a loss of 2 cents per share.
The San Jose, Calif.-based company expects revenue for the third quarter, which ended Sept. 30, to be in the range of $11.5 to $12 million, an increase from $6.2 million in revenues for the third quarter of 1999.
Also on Friday, software maker Marimba, a BackWeb competitor, warned that its third-quarter earnings will fall short of analysts' estimates, blaming the results on its inability to conclude several sales transactions in the quarter.
BackWeb, which also has headquarters in Israel, provides customers with "push" infrastructure and applications, which allow preprogrammed delivery of news and other information. It will report actual results Oct. 25.
On light trading at midmorning, BackWeb shares were up 25 cents, or about 3 percent, to $8.75.