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Tech Industry

Earnings Roundup: dr.koop.com, Network Appliance beat Street

    drkoop.com Inc. (Nasdaq: KOOP) posted a smaller-than-expected loss in its fourth quarter Tuesday, losing $19.9 million, or 65 cents a share, on sales of $5.1 million.

    First Call consensus expected the online healthcare network to lose 68 cents a share in the quarter.

    Its shares closed up 3/16 to 12 7/8 ahead of the earnings report.

    The $5.1 million in sales represents a 75 percent improvement from the year-ago quarter when it lost $18 million, or $2.10 a share, on sales of $2.9 million.

    For the year, drkoop.com lost $82.5 million, or $2.70 a share, on sales of $9.4 million compared to a loss of $23.4 million, or $2.86 a share, on sales of $43,000 in fiscal 1998.

    "Our strong fourth quarter performance reflects the successful ability of drkoop.com to monetize traffic, expand our revenue base, strengthen the drkoop.com brand and establish the company as a leading and trusted health information network," said CEO Donald Hackett in a prepared release.

    In the quarter, drkoop.com exceeded pushed its registered user base to more than 1 million users. It recorded 11.8 million unique visitors in the quarter and posted 49.4 million page views.

    Its shares hit an all-time high of 45 3/4 in July after slipping to a low of 10 in June.

    Analysts expect it to report a loss of $1.70 a share in fiscal 2000.

    Among other technology companies reporting earnings Tuesday:

  • Chemdex Corp. (Nasdaq: CMDX) met analysts' estimates in its fourth quarter, losing $15.3 million, or 49 cents a share, on sales of $19.3 million.

    Its shares closed off 2 1/4 to 123 1/4 ahead of the earnings report.

    Chemdex, which operates an online catalog of life science research equipment and materials, said sales were strong due to an increase in customers, the number of products offered and industry suppliers.

    In the year-ago quarter, it lost $4.4 million, or $2.30 a share, on sales of $26,000.

    For the year, Chemdex lost $48.6 million, or $3.17 a share, compared with a loss of $8.5 million, or $4.79 a share, in the year-ago period.

  • Unify Corp. (Nasdaq: UNFY) slipped past analysts' estimates in its third quarter, earning $2.8 million, or 14 cents a share, on sales of $10.1 million.

    Unify shares closed off 3/16 to 25 1/4 ahead of the earnings report.

    The $10.1 million in sales marks a 25 percent improvement from the year-ago quarter when it raked in $1.4 million, or 8 cents a share, on sales of $8.1 million.

  • Network Appliance Corp. (Nasdaq: NTAP) topped Street estimates by a penny a share in its fourth quarter, earning $19.8 million, or 11 cents a share, on sales of $151.3 million.

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

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

    Its shares closed up 3 1/4 to 151 9/16 ahead of the earnings report.

  • Nvidia (Nasdaq: NVDA) topped analyst consensus in the fourth quarter.

    After market close Tuesday, the maker of 3D graphics acceleration chips reported fourth quarter earnings of $14.6 million, or 39 cents per share. Analyst consensus predicted a profit of 36 cents per share for the quarter ended Jan. 30.

    Fourth quarter revenue rose to $128.5 million, nearly double from $65.5 million in the year earlier period. "The fourth quarter capped an extraordinary year of growth for NVIDIA," said Jen-Hsun Huang, president and CEO.

    For the full year, Nvidia's revenue increased 137 percent to $374.5 million from $158.2 million in fiscal 1999. Net income in fiscal 2000 rose to $38.1 million, or $1.06 per share, compared to $4.1 million, or 15 cents per share in the previous year.

    -- Sergio G. Non contributed to this report.>