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Earnings Roundup: Wall Street&#039s Net newbies on target

Tech Industry

The new Internet companies on Wall Street delivered results that met or beat Wall Street estimates in what was the first quarters as public companies for many.

Here's the earnings roundup for those new tech issues:

  • Cybersource (Nasdaq: CYBS) reported a second quarter loss of $6.9 million, or 42 cents a share, on sales of $2.5 million. Wall Street was expecting a loss of 45 cents a share. Shares of Cybersource, which went public last month, soared Monday as the company's underwriters started talking the stock up. See full statement..

  • Digital River (Nasdaq: DRIV) reported a second quarter loss of $5.37 million, or 27 cents a share, excluding charges. Revenue came in at $15.8 million, up 35 percent sequentially. Wall Street was expecting a loss of 30 cents a share. Including charges, the company reported a loss of 33 cents a share. Full Statement.

  • Juniper Networks (Nasdaq: JNPR) reported a second quarter loss of 9 cents a share assuming the conversion of preferred stock. Revenue was $17.6 million, up from $10 million in the first quarter. No estimates were available.

  • Razorfish, Inc. (Nasdaq: RAZF) reported second quarter earnings of 3 cents a share, a penny better than Wall Street estimates. Revenue came in at $15.1 million, up 397 percent from a year ago. Full Statement.

  • Silknet Software (Nasdaq: SILK) beat estimates with a fourth quarter loss of $3.26 million, or 30 cents a share, on sales of $4.75 million. Wall Street was expecting a loss of 30 cents a share. Revenue for the quarter jumped 206 percent compared to a year ago. Full Statement.

  • uBid Inc. (Nasdaq: UBID) reported second quarter sales of $45.6 million and a loss of $4.2 million, or 46 cents a share before charges. Wall Street was expecting a loss of 49 cents a share. Including charges, uBid reported a loss of 56 cents a share. Revenue was up 35 percent sequentially. Full Statement

  • USWeb/CKS (Nasdaq: USWB) reported second quarter earnings of $10 million, or 12 cents a share, excluding adjustments and charges. Revenue was $101.0 million. The results were in line with estimates. Full Statement.

  • Wit Capital Group (Nasdaq: WITC) reported second quarter loss of $2.8 million, or 11 cents a share, on sales of $11.3 million. The results were a drastic improvement from the sequentially and compared to the year ago periods. A First Call consensus of two analysts had projected a loss of 13 cents a share. Investment banking was the bulk of sales for Wit, which has benefited from the torrid pace of IPOs. Investment banking sales came in at $8.2 million. Full Statement

  • Xoom.com (Nasdaq: XMCM) reported second quarter results well ahead of estimates. The company reported a pro forma loss of $2.7 million, or 16 cents a share, on sales of $6.5 million. Wall Street was expecting a loss of 26 cents a share. The company lost 40 cents a share including various charges. Full Statement.

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