reported Tuesday that it had returned to profitability in its second fiscal quarter, as a slight gain from its operations exceeded Wall Street's forecasts by a penny.
The company's revenue more than doubled. But its net loss widened in the quarter, partly because of one-time acquisition costs.
Lycos said its bottom line was bolstered by a 23% increase, to 101 million, in the number of U.S. web-surfers who visit its site each day. Worldwide, the company's page attracts 122 million a day.
In after-hour trading Tuesday, shares of Lycos rose about 5 points to 74 1/16, according to
. The company had traded 1 1/4% lower, or 1.78%, to 69 1/16 during the normal trading session.
For the quarter ended Jan. 31, Lycos reported earnings of $3 million, or 3 cents a share, compared with a loss of $1.6 million, or 2 cents a share, in the year-earlier period.
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had forecast profits of 1 cent per share.
The results do not account for special items, including amortization of goodwill and merger-related expenses.
The results offset the company's losses for its first fiscal quarter. For the first half of its fiscal year, the company had profits of $334,000.
The company's revenues in the second quarter from advertising and e-commerce more than doubled, to $68.6 million, from $31.1 million a year earlier.
Including one-time items, the company posted a net loss of $30.9 million, or 31 cents a diluted share, in its second fiscal quarter, compared with a net loss of $13.8 million, or 16 cents a share, a year earlier.
"Once again, we have posted strong revenue growth along with significant operating leverage in our business model," Edward M. Phillip, chief operating and financial officer of Lycos, said in a statement.