Short Take: Data Broadcasting reports Q3 loss

Data Broadcasting reported third-quarter revenues of $23.6 million, up from $20.6 million for the same period a year ago. The company had a net loss of $20.7 million, or 61 cents per share, including the loss associated with the company's Instore Satellite Network and CheckRite International divisions reported this quarter as discontinued operations. Last year's third-quarter net income was $4.1 million, or 12 cents per fully diluted share.

Paul Festa Staff Writer, CNET News.com

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Paul Festa

May 8, 1997 3:15 p.m. PT

reported third-quarter revenues of $23.6 million, up from $20.6 million for the same period a year ago. The company had a net loss of $20.7 million, or 61 cents per share, including the loss associated with the company's Instore Satellite Network and CheckRite International divisions reported this quarter as discontinued operations. Last year's third-quarter net income was $4.1 million, or 12 cents per fully diluted share.