GetThere (Nasdaq: GTHR) topped analyst estimates in the second quarter.
After market close Wednesdsay, the operator of an online marketplace for business travel reported a fiscal second quarter net loss of $6.2 million, or 19 cents per share, excluding amortization costs. First Call's survey of three analysts predicted a loss of 28 cents per share.
Shares of GetThere traded at 17 1/2 in afterhours activity on the Island electronic communications network, following the release of quarterly results. GetThere stock closed Wednesday's regular market session up 1/8 to 17 3/8.
Wednesday's announcement comes two days after the company said it agreed to be acquired by Sabre Holdings (NYSE: TSG) for $757 million.
Including amortization expenses, GetThere in the second quarter lost $10.6 million, or 33 cents per share.
Second quarter revenue increased to $7.8 million, up 17 percent sequentially and up 137 percent year-over-year. Gross margin improved to 39.7 percent from 34.8 percent in the first quarter.
GetThere gained 30 corporate customers during the second quarter.>