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Tech Industry

Earnings Roundup: Agency.com, Macrovision beat Street

Internet consulting firm Agency.com Inc. (Nasdaq: ACOM) posted a smaller-than-expected loss in its fourth quarter Monday, losing $1.8 million, or 6 cents a share, on sales of $31.3 million.

First Call consensus expected it to lose 10 cents a share in the quarter.

Its shares closed up 5 1/2, or 13 percent, to 49 1/2.

"We have been building Agency.com since 1995 as a powerful engine for leadership in the interactive professional services market industry," said CEO Chan Suh in a prepared release. "Our record results including positive EBITDA demonstrate that we are executing our strategy of investing in our growth platform with improving financial performance."

The $31.3 million in sales represents 317 percent improvement from the year-ago quarter when it lost $3 million, or 11 cents a share, on sales of $7.5 million.

For the year, it lost $12.8 million, or 53 cents a share, on sales of $87.8 million versus a loss of $2.5 million, or 15 cents a share, on sales of $26.4 million.

Agency.com shares moved up to a 52-week high of 98 in December before falling to a low of 35 earlier this month.

First Call consensus expects it to earn 1 cent a share in fiscal 2000.

Among other technology companies making news after the bell Monday:

  • Rare Medium Group Inc. (Nasdaq: RRRR) posted a wider-than-expected loss in its fourth quarter, losing $20.2 million, or 50 cents a share, on sales of $17.6 million.

    The company reported a loss from continuing operations of 24 cents a share before depreciation and amortization, equity in loss of investments carried on the equity method, and non-cash charges associated with convertible preferred securities.

    In either case, the results fell short. First Call consensus expected it to lose 19 cents a share in the quarter.

    The $17.6 million in sales marks a 719 percent improvement from the year-ago quarter when it lost $7.2 million, or 26 cents a share, on sales of $2.2 million.

    Its shares closed up 1 5/8 to 49 1/2 Monday.

  • Macrovision Corp. (Nasdaq: MVSN) rolled past analysts' estimates in its fourth quarter, raking in $4.2 million, or 22 cents a share, on sales of $12.8 million.

    First Call consensus expected Macrovision, which develops technology to prevent the pirating of videos, to earn 18 cents a share in the quarter.

    Its shares closed up 1 1/8 to 106 5/8 ahead of the earnings report.

    Company officials also set a 2-for-1 stock split.

    The $12.8 million in sales represents a 76 percent jump from the year-ago quarter when it earned $2.2 million, or 12 cents a share, on sales of $7.3 million.