said its loss in the fourth fiscal quarter ending July 31, was $633.7 million, or $2.17 cents a share, compared with a profit of $452.7 million, or $2.12 a share, in the year-earlier quarter. Despite the reversal, the results compared favorably with Wall Street's prediction of a $2.45-a-share loss, according to
First Call/Thomson Financial
Andover, Mass.-based CMGI had posted a loss of $428 million, or $1.53 a share, in the quarter ended April 30.
Excluding the costs of research and development activities, amortization of intangible assets and stock-based compensation charges, CMGI recorded a net loss of $142.8 million, or 49 cents a share, in the fourth quarter.
The company said net revenue in the latest quarter was $377 million, a 62% rise from the previous quarter.
Shares of CMGI fell $1.69, or 4.6%, to $34.75 in after-hours trading, according to
, after ending regular trading unchanged at $36.44 Thursday. Weighing on technology stocks late Thursday, however, was the
that it would miss its revenue third-quarter forecast. Still, CMGI's stock price is well below its 52-week high of $163.50.
Earlier this month, CMGI announced it had organized its 17 majority-owned operating companies and venture capital affiliate into six lines of businesses, including a search and portals segment and an interactive marketing unit, plus its venture capital arm,
CMGI's majority-owned operating companies include
Both Engage and AltaVista announced earlier this month that they would lay off employees as part of a cost-saving campaign.
CMGI @Ventures has ownership stakes in 53 companies, including