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USWeb slides after hitting 4Q estimates

    USWeb/CKS Corp. (Nasdaq: USWB) shares fell 4 9/16, or 10 percent, to 41 after it met analysts' estimates in its fourth quarter, earning $17 million, or 16 cents a share, on sales of $187 million.

    First Call consensus expected it to earn 16 cents a share in the quarter.

    The $187 million in sales marks a 157 percent improvement from the year-ago quarter when it earned $5 million, or 7 cents a share, on sales of $73 million.

    For the year, it earned $47 million, or 52 cents a share, on sales of $511 million compared to a profit of $13 million, or 18 cents a share, on sales of $229 million in fiscal 1998.

    "Our strong performance this quarter continues to demonstrate successful integration and the growing market demand for our multi-disciplinary approach," said CEO Robert Shaw in a prepared release.

    Its shares peaked at 58 1/2 in December after bottoming out at 17 in August.

    Eleven of the 14 analysts following the stock maintain either a "buy" or "strong buy" recommendation.