Roundup: Preview Travel, Copper Mountain beat forecasts
Preview Travel (Nasdaq: PTVL) easily hurdled estimates in the fourth quarter.
After market close Tuesday, the online travel agency reported a fourth quarter loss of $7.2 million, or 52 cents per share, excluding non-recurring items. First Call's survey of 8 analysts predicted a loss 76 cents per share.
Including $1.43 million in charges for stock compensation and $533,000 in merger-related costs, Preview Travel lost $9.2 million, or 66 cents per share.
Fourth quarter revenue doubled year-over-year to $9.2 million. Transactions in the quarter rose to 352,000, a 97 percent gain from 179,000 in the year ago period. "We had a stronger than expected fourth quarter," said Chris Clouser, CEO and president of Preview Travel.
For the full year, Preview Travel lost $33.5 million on revenue of $31.1 million.
Since its October announcement of plans to merge with the Travelocity unit of The Sabre Group (NYSE: TSG), Preview Travel has seen its stock peak just shy of 60 before sliding again. Shares closed Tuesday's regular trading at 32, up 1 1/2 for the session.
Other companies reporting quarterly results:
The provider of equipment for DSL networks posted fourth quarter net income of $7.2 million, or 13 cents per share, not counting one-time events. First Call's survey of eight analysts predicted a profit of 8 cents per share for the quarter ended Dec. 31.
Fourth quarter revenue of $44.6 million, a 39 percent gain sequentially and 203 percent year-over-year.
For the full year, Copper Mountain earned $12.2 million, or 23 cents per share, on revenue of $112.7 million.
The provider of data from the U.S. Securities and Exchange Commission reported a fourth quarter loss of $1.9 million, or 15 cents per share. First Call's survey of 2 analysts predicted a per share loss of 14 cents for the quarter ended Dec. 31.
Fourth quarter revenue increased to $2.1 million, up 236 percent year-over-year.
For the full year, Edgar Online lost $4.2 million, or 42 cents per share, on revenue of $5.2 million.
First Call consensus expected it to lose 29 cents a share in the quarter.
Wink Communications shares closed up 3 5/8 to 61 7/8 ahead of the earnings report.
In the year-ago quarter, it lost $4.5 million, or 47 cents a share, on sales of $124,000.
For the year, Wink lost $18.2 million, or $1.06 a share, on sales of $1.6 million compared to a loss of $14 million, or $1.57 a share, on sales of $517,000.
Analysts are expecting it to lose 75 cents a share in fiscal 2000.>