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.
Discuss: Short Take: Verio posts narrower loss
Be respectful, keep it clean and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.