Earnings Roundup: internet.com beats Street
internet.com slipped past analysts' estimates in its third quarter Monday, earning $1.1 million, or 4 cents a share, on sales of $14.7 million.
First Call Corp. consensus expected the Internet portal to earn 3 cents a share in the quarter.
Ahead of the earnings report, internet.com (Nasdaq: INTM) shares closed off 69 cents to $19.63.
The $14.7 million in sales marks a 258 percent improvement from the year-ago quarter when it lost $910,000, or 4 cents a share, on sales of $4.1 million.
"We are pleased with our continued growth, both in top-line revenues and in bottom-line cash earnings," said CEO Alan Meckler in a prepared release. "Our diversified revenue streams…have all contributed to these outstanding results."
Its shares moved up to a 52-week high of $72.25 in December before slipping to a low of $12.25 in May.
All five analysts tracking the stock rate it either a "buy" or "strong buy."
Among other technology companies reporting earnings after the bell Monday:
The software developer posted a loss of $10.9 million, or 47 cents a share, on sales of $4.6 million.
There was no First Call Corp. consensus estimate though analysts' predicted it would lose between 37 cents a share to 70 cents a share in the quarter.
Ahead of the earnings report, AvantGo lost $4 to $11.
The $4.6 million in sales marks a 341 percent improvement from the year-ago quarter when it lost $1.6 million, or 10 cents a share, on sales of $1.1 million.
Analysts' surveyed by First Call Corp. predicted it would earn 12 cents a share in the quarter.
Macrovision shares fell $9.13 to 65.94 ahead of the earnings report.
The $20.4 million in sales marks a 48 percent improvement from the year-ago quarter when it earned $4.7 million, or 10 cents a share, on sales of $13.8 million.
Analysts were looking for a loss of 24 cents a share in the quarter.
Mainspring shares finished off 6 cents to $6 ahead of the earnings report.
The $11.1 million in sales represents a 461 percent jump from the year-ago quarter when it lost $4.9 million, or 31 cents a share, on sales of $2 million.
There was no First Call Corp. consensus estimate for the Chinese Internet portal in the quarter.
In the year-ago quarter, Sohu.com lost $1.2 million, or 13 cents a share, on sales of $400,000.
The stock closed off 6 cents to $4.25 ahead of the earnings report.>