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Tech Industry

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:

  • AvantGo's (Nasdaq: AVNT) third-quarter loss fell somewhere in the middle of analysts' estimates 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.

  • Macrovision (Nasdaq: MVSN) easily topped analysts' estimates when it returned a profit of $8.9 million, or 18 cents a share, on sales of $20.4 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.

  • Mainspring Communications (Nasdaq: MSPR) posted a smaller-than-expected loss in its third-quarter, dropping $3.7 million, or 19 cents a share, on sales of $11.1 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.

  • Sohu.com (Nasdaq: SOHU) posted a loss of $4.3 million, or 13 cents a share, on sales of $1.6 million in its third quarter.

    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.>