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Excite@Home, PurchasePro.com deliver in 2Q

    Excite@Home posted a smaller-than-expected loss in its second quarter Wednesday, losing $45.3 million, or 11 cents a share, on sales of $157.6 million.

    First Call Corp. consensus predicted the Internet content and service provider would lose 12 cents a share in the quarter.

    Ahead of the earnings report, Excite@Home (Nasdaq: ATHM) shares finished off 11/16 to 19.

    The $157.6 million in sales marks a 57 percent jump from the year-ago quarter when it lost $5 million, or 1 cent a share, on sales of $100.4 million.

    "This quarter we built on all three of our key objectives for the year," said CEO George Bell in a prepared release. "We added six million homes to our serviceable footprint this quarter, and with the temporary shortage of cable modems behind us we are well prepared to add subscribers at unprecedented rates."

    In the quarter, the company's residential broadband subscriber base grew more than 21 percent from the first quarter, to more than 1.8 million subscribers.

    Last quarter, Excite@Home missed analysts' estimates, losing $4.6 million, or 1 cent a share, on sales of $138 million.

    Its shares soared up to a 52-week high of 59 3/4 in November before plunging to a low of 15 7/8 in April.

    Fifteen of the 18 analysts following the stock rate it either a "buy" or "strong buy."

    Among other companies reporting earnings after the bell:

  • Critical Path (Nasdaq: CPTH) beat the Street in its second quarter but still lost $20.2 million, or 34 cents a share, on sales of $33.5 million.

    First Call Corp. consensus expected it to lose 36 cents a share in the quarter.

    The $33.5 million in sales marks a stunning jump of more than 1,500 percent from the year-ago quarter when it lost $6.9 million, or 21 cents a share, on sales of $2 million.

    Its shares closed off 4 11/16 to 63 1/4 ahead of the earnings report.

  • PurchasePro.com (Nasdaq: PPRO) easily topped analysts' estimates in its second quarter, losing $7.1 million, or 22 cents a share, on sales of $9.5 million.

    Analysts expected PurchasePro.com to lose 30 cents a share in the quarter.

    The $9.5 million in sales represents an 846 percent jump from the year-ago quarter when it lost $8.3 million, or 28 cents a share, on sales of $1 million.

    Its shares closed off 7 5/16 to 42 1/2 ahead of the earnings report.