Internet and telecommunications service provider PSINet reported a narrower-than-expected loss for the fourth quarter on strong revenue numbers. Excluding charges, the company reported a loss of $53.2 million, or $1.02 per share. A consensus of analysts' estimates expected the company to lose $1.07 per share for the quarter. Revenue rose 170 percent to $93.9 million, from $34.8 million a year ago.
Be respectful, keep it clean and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.