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Tech Industry

Drugstore.com narrows loss

Drugstore.com reported on Tuesday a third-quarter net loss of $26.2 million, or 39 cents per share, on $35 million in revenue, helped in part by a $7.5 million gain related to a renegotiation of its contract with Wellpoint Health Networks. Amazon.com-backed Drugstore.com lost $45.7 million, or 80 cents per share, on $26.5 million in revenue in the same quarter last year. On a pro forma basis, which excludes the gain, amortization of goodwill and certain noncash expenses, the online pharmacy lost $15.4 million, or 23 cents per share. Wall Street analysts, three of whom were surveyed by First Call, projected Bellevue, Wash.-based Drugstore.com would post a pro forma loss of 25 cents per share.

    Drugstore.com reported on Tuesday a third-quarter net loss of $26.2 million, or 39 cents per share, on $35 million in revenue, helped in part by a $7.5 million gain related to a renegotiation of its contract with Wellpoint Health Networks. Amazon.com-backed Drugstore.com lost $45.7 million, or 80 cents per share, on $26.5 million in revenue in the same quarter last year.

    On a pro forma basis, which excludes the gain, amortization of goodwill and certain noncash expenses, the online pharmacy lost $15.4 million, or 23 cents per share. Wall Street analysts, three of whom were surveyed by First Call, projected Bellevue, Wash.-based Drugstore.com would post a pro forma loss of 25 cents per share.