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Short Take: Verio posts narrower loss

Verio, an Internet service provider and Web hosting firm, posted a narrower first quarter loss that bested Wall Street consensus estimates. Verio reported a net loss of $45.1 million, or $1.24 a share, compared with a net loss of $28.4 million, or $22.44 per share, for the like quarter a year ago. Financial analysts anticipated a loss of $1.35 a share, according to First Call. Quarterly revenue rose to $21.5 million from $9.9 million last year.

Verio, an Internet service provider and Web hosting firm, posted a narrower first quarter loss that bested Wall Street consensus estimates. Verio reported a net loss of $45.1 million, or $1.24 a share, compared with a net loss of $28.4 million, or $22.44 per share, for the like quarter a year ago. Financial analysts anticipated a loss of $1.35 a share, according to First Call. Quarterly revenue rose to $21.5 million from $9.9 million last year.