Excite@Home Meets Expectations
Excite@Home (ATHM Quote) today reported an operating loss of 1 cent a share for the third quarter, cutting in half its losses from the previous year's quarter and hitting the expected earnings mark targeted by Wall Street analysts.
Following the announcement, made after the stock market closed, Excite@Home traded up more than 1 point in after-hours trading. The stock ended regular Nasdaq trading up 2 1/16 at 40 5/8.
The Web portal and broadband access provider posted a net operating loss of $4 million compared to a loss of $8 million, or 2 cents a share, in the comparable 1998 quarter. A consensus of Wall Street analysts polled by First Call/Thomson Financial called for the largest high-speed Internet provider in the U.S. to lose 1 cent a share this quarter. ...
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