reported a narrower-than-expected loss for the second quarter, but the company's shares tumbled ahead of the report and continued sliding after hours.
The Sunnyvale, Calif., company, which makes appliances for managing the flow of information over the Internet, reported a second-quarter loss, excluding stock compensation expenses and goodwill amortization, of $3.1 million, or 9 cents a share, compared with a loss of $5.3 million, or 22 cents a share, for the same period a year ago. Analysts polled by
First Call/Thomson Financial
expected the company to lose 11 cents a share for the quarter.
Sales rose to $32.5 million from $4.8 million in the year-ago period.
Shares of CacheFlow closed the regular session down $14.81, or 16.2%, to $76.81 in
trading and were recently quoted at $60.50 in after-hours trading on the