CNET también está disponible en español.

Ir a español

Don't show this again

Christmas Gift Guide
Tech Industry

&#039Net Earnings Roundup: Go2Net rolls past 1Q forecasts

Go2Net Inc. (Nasdaq: GNET) easily surpassed analysts' estimates in its first quarter Tuesday, earning $7.3 million, or 16 cents a share, on sales of $14 million.

First Call consensus was expecting a profit of 7 cents a share in the quarter.

Go2Net shares closed up 3 13/16 to 92 ahead of the earnings report.

The $14 million in sales represents a 439 percent improvement compared to the year-ago quarter when it lost $21,600 on sales of $2.6 million.

"During the recently completed quarter, Go2Net continued to make significant progress, both operationally and strategically," said CEO Russell Horowitz in a prepared release. "Go2Net's strong financial results continue to reflect the substantial operating leverage inherent in our business model. We again experienced strong growth in our three categories of focus: consumer services, business services, and enabling services."

GoNet shares hit a 52-week high of 111 ? in December after bottoming out at 19 1/2 in February.

First Call consensus expects it to earn 34 cents a share in the fiscal year.

All six analysts following the stock rate it either a "buy" or "strong buy."

Among other technology companies reporting earnings Tuesday:

  • Juniper Networks Inc. (Nasdaq: JNPR) also topped analysts' estimates in its fourth quarter, earning $4.8 million, or 3 cents a share, on sales of $45.4 million.

    Juniper shares closed up 5 3/8 to 118 3/4 as its previously announced 3-for-1 stock split took effect this morning.

    In the year-ago quarter, Juniper Networks lost $8.6 million, or 21 cents a share, on sales of $3.8 million.

    For the year, Juniper lost $4.7 million, or 5 cents a share, on sales of $102.6 million compared to a loss of $29.7 million, or 76 cents a share, on sales of $3.8 million in fiscal 1998.

    "The fourth quarter continues a pattern of consistent execution and expansion of the company's prospects," said CEO Scott Kriens in a prepared release.

    Juniper shares are rated either a "buy" or "strong buy" by all 11 analysts following the stock.

  • uBid Inc. (Nasdaq: UBID) met analysts' estimates in its fourth quarter, losing $11.4 million, or 99 cents a share, on sales of $69.9 million.

    Its shares closed up 1 5/8 to 30 7/8 ahead of the earnings report.

    First Call consensus pegged the online auctioneer for a loss of 99 cents a share in the quarter.

    The $69.9 million in sales marks a 190 percent jump from the year-ago quarter when it lost $7.1 million, or 92 cents a share, on sales of $24.1 million.

    For the year, uBid lost $25.5 million, or $2.61 a share, on sales of $205 million compared to a loss of $10.1 million, or $1.36 a share, on sales of $48.2 million in fiscal 1998.

    "We are pleased with our many accomplishments in 1999, particularly with our focus on the business model, aggressive marketing to new users and commitment to customer service," said CEO Greg Jones in a prepared release.

    The company's registered users increased to 1,030,000 in 1999, compared to 229,000 users at the end of 1998, a fourfold increase. uBid.com experienced a repeat order rate of 79 percent in the fourth quarter.

    uBid shares peaked at 97 last January before falling to a low of 15 5/8 in August.

    All four analysts tracking this stock maintain either a "buy" or "strong buy" recommendation.

  • Marimba Inc. (Nasdaq: MRBA) also met analysts' estimates in its fourth quarter, losing $503,000, or 2 cents a share, on sales of $10.1 million.

    First Call consensus expected Marimba to lose 2 cents a share in the quarter.

    The $10.1 million in sales represents a 78 percent improvement from the year-ago quarter when it lost $1.6 million, or 14 cents a share, on sales of $5.7 million.

    For the year, it lost $4.2 million, or 22 cents a share, on sales of $31.4 million compared to a loss of $5.7 million, or 59 cents a share, on sales of $17.1 million in fiscal 1998.

    Marimba shares closed off 3/4 to 40 1/4 Tuesday, down considerably from its 52-week high of 74 3/8 set in April.

  • Check Point Software Technologies Ltd. (Nasdaq: CHKP) hurdled analysts' estimates in its fourth quarter Tuesday, pocketing $29.8 million, or 70 cents a share, on sales of $67.9 million.

    First Call consensus expected it to earn 66 cents a share in the quarter.

    Check Point shares closed up 6 5/16 to a 52-week high of 242 5/16 ahead of the earnings report.

    The $67.9 million in sales represents a 68 percent improvement compared to the year-ago quarter when it earned $18.6 million, or 47 cents a share, on sales of $40.5 million.

    For the year, Check Point raked in $95.8 million, or $2.33 a share, on sales of $219.6 million.

    Analysts expect it to earn $3 a share in fiscal 2000.

  • CyberSource Corp. (Nasdaq: CYBS) posted a smaller-than-expected loss in its fourth quarter Tuesday, losing $6.3 million, or 27 cents a share, on sales of $5 million.

    First Call consensus expected it to lose 31 cents a share in the quarter.

    Its shares closed up 1 5/8 to 45 ahead of the earnings report.

    For the year, CyberSource lost $24.1 million, or $1.25 a share, on sales of $12.9 million.

    CyberSource shares peaked at 70 1/2 in November.