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Tech Industry

Earnings Roundup: Register.com tops 2Q forecasts

    Register.com topped analysts' estimates in its second quarter Wednesday, losing $992,000, or 3 cents a share, on sales of $20.2 million.

    First Call Corp. consensus expected the Internet domain registry firm to lose 8 cents a share in the quarter.

    Ahead of the earnings report, Register.com (Nasdaq: RCOM) shares closed off 1 to 30 3/4.

    In the quarter, Register.com registered 710,000 domain names, down from the 923,000 domains it registered in the first quarter.

    "We continue to maintain a leadership presence in a market with strong demand," said CEO Richard Forman. "We have executed on several fronts, developing innovative and relevant products and services, increasing our revenue generation, and strengthening our strategic alliances."

    Last quarter, Register.com lost $991,000, or 4 cents a share, on sales of $12.4 million.

    First Call Corp. consensus expects it to lose 36 cents a share in the fiscal year.

    Among other companies reporting earnings after the bell Wednesday:

  • FairMarket (Nasdaq: FAIM) also posted a smaller-than-expected loss in its second quarter, losing $9.5 million, or 34 cents a share, on sales of $3 million.

    Analysts were expecting a loss of 51 cents a share in the quarter.

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

  • Women.com (Nasdaq: WOMN) met Street estimates in its second quarter, losing $9.4 million, or 20 cents a share, on sales of $12.3 million.

    First Call Corp. consensus pegged it for a loss of 20 cents a share in the quarter.

    The $12.3 million in sales marks a 104 percent improvement from the year-ago quarter when it lost $11 million, or 36 cents a share, on sales of $6 million.

    Women.com shares closed off 3/16 to 4 5/16 Wednesday.

  • Covad Communications (Nasdaq: COVD) hurdled the consensus estimate in its second quarter, losing $131.5 million, or 86 cents a share, on sales of $58.2 million.

    First Call Corp. consensus expected it to lose $1 a share in the quarter.

    In the year-ago quarter, Covad lost $41.9 million, or 61 cents a share, on sales of $10.8 million.

    The stock closed off 9/16 to 17 11/16 ahead of the earnings report.

  • Looksmart (Nasdaq: LOOK) topped the Street estimate in its second quarter, dropping 9 cents a share, excluding charges. Wall Street was expecting a loss of 14 cents a share. Including charges, Looksmart dropped $12.9 million, or 14 cents a share, on sales of $27.3 million.

    Its shares closed off 1 21/32 to 21 1/32 ahead of the earnings report.

    In the year-ago quarter, it lost $12.5 million, or 54 cents a share, on sales of $10.5 million.