iPhone 14 Pro vs. Galaxy S22 Ultra HP Pavilion Plus Planet Crossword Pixel Watch Apple Watch Ultra AirPods Pro 2 iPhone 14 Pro Camera Best Android Phones
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Strong sales push High Speed Access past estimates

High Speed Access topped analysts' estimates in its first quarter Wednesday, losing $27.7 million, or 51 cents a share, on sales of $2 million.

A survey of analysts by First Call Corp. predicted the high-speed Internet access provider would lose 53 cents a share in the quarter.

Its shares closed up 1 3/4, or 21 percent, to 10 1/8 ahead of the earnings report but moved up to 11 1/16 in after-hours trading.

The $2 million in sales marks a 567 percent jump from the year-ago quarter when it lost $113.8 million, or $18.35 a share, on sales of $300,000.

"We begin 2000 with a solid foundation for continued growth," said CEO Dan O'Brien in a prepared release.

High Speed Access (Nasdaq: HSAC) shares hit a 52-week high of 49 3/16 in July before swooning to a low of 5 3/8 in April.

All four analysts tracking the stock rate it either a "buy" or "strong buy."

Analysts expect it to lose $1.98 a share in the fiscal year.