Tech Industry

Fatbrain.com gains on 1Q revenue forecast

Fatbrain.com (Nasdaq: FATB) shares moved up 1 11/16, or 32 percent, to 6 15/16 Wednesday after announcing it expects to report higher first-quarter revenue than analysts had forecast.

After market close Tuesday, the online retailer of training manuals and provider of information services for businesses said it sees first quarter revenue ranging between $13.5 million and $14 million, or slightly more than the $13.5 million consensus estimate.

First Call's survey of five analysts predicted a per share loss of 88 cents for Fatbrain.com's quarter ended April 30.

Fatbrain.com competitors include booksellers such as Amazon.com (Nasdaq: AMZN) and Barnesandnoble.com (Nasdaq: BNBN), according to Hoover's Online.

Its shares hit a 52-week high of 42 1/4 in November before slumping to a low of 4 1/8 in May.

Five of the six analysts tracking the stock rate it either a "buy" or "strong buy."
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