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HolidayBuyer's Guide
Tech Industry

Earnings Roundup: Teligent, NetObjects beat Street

Teligent Inc. (Nasdaq: TGNT) topped analysts' estimates in its third quarter Tuesday, losing $143.6 million, or $2.66 a share, on sales of $10.3 million.

First Call consensus expected the telecommunications company to lose $2.69 a share in the quarter.

In the year-ago period, it lost $78.5 million, or $1.49 a share, on sales of $240,000.

Its shares closed up 3/4 to 61 5/8 ahead of the earnings report.

In the quarter, Teligent completed the installation of 76,000 customer lines, beating its year-end target of 75,000 lines by more than three months.

Teligent ended the third quarter with more than 7,500 customers, up more than 110 percent from the customer base at the end of the second quarter.

"The past few months have been very exciting for Teligent," said CEO Alex Mandl in a prepared release.

Teligent shares moved up to a 52-week high of 75 5/8 in July after falling to a low of 27 1/8 in December.

First Call consensus expects Teligent to lose $9.98 a share in the fiscal year.

Ten of the 11 analysts tracking the stock maintain either a "buy" or "strong buy" recommendation.

Among other technology companies reporting earnings Tuesday:

  • NetObjects Inc. (Nasdaq: NETO) also reported a smaller-than-expected loss in its fourth quarter, losing $4 million, or 16 cents a share, on sales of $5.8 million.

    First Call consensus expected it to lose 17 cents a share in the quarter.

    The $5.8 million in sales marks a 30 percent gain compared to the year-ago period when it lost $5.3 million, or $2.82 a share, on sales of $4.5 million.

    NetObjects shares closed up 7/8 to 8 ahead of the earnings report.>