Galaxy Watch 5 Galaxy Buds 2 Pro Android 13 Best Wireless Earbuds QLED vs. OLED TVs Air Conditioners Fitness Supplements Shower Filters
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept gains on strong 1Q Inc. (Nasdaq: RCOM) rose 6 percent Tuesday after reporting a narrower than expected first quarter loss as domain name registrations increased by 180 percent over the fourth quarter.

Shares in the Internet domain name registrar hit a high of 64 7/16 Tuesday morning after rising 3 11/16 to 60 3/4 in after hours trading on Instinet. The stock had settled down to a gain of 2 13/16 to 59 7/8. Increasing domain registrations also boosted competitor Network Solutions' (Nasdaq: NSOL) first quarter metrics. Network Solutions is being acquired by VeriSign (Nasdaq: VSGN).

Net loss was $991,000, or 4 cents per share, versus a net loss of $1.1 million, or 6 cents per share, in the year-ago period. First Call had expected a loss of 14 cents a share. Revenue for the quarter was $12.4 million compared to $747,300 in the first quarter of 1999., which completed its initial public offering in March, registered about 923,000 paid domain names during the quarter. As of the end of the first quarter, has $183.1 million in cash and cash equivalents and short-term investments on its balance sheet and no debt.