posted a fourth-quarter loss of 29 cents a share, a penny narrower than the seven-analyst estimate, but wider than its year-ago loss of 10 cents.
The company said fourth-quarter minutes of use grew 117% to 167 million, up from 77 million minutes in the same quarter a year-ago and an increase of 38% from the third quarter.
Net2Phone's retail active customer base reached 1.2 million by the close of the quarter, a 45% increase from last quarter. The company said the figure doesn't include any customers that signed up through the company's relationship with
Separately, the company said its board approved a buyback of about 9% of common stock.
Earnings/revenue reports and previews
Electronic commerce software provider
warned that it expects to report third-quarter earnings of 4 cents to 6 cents a share, well below the seven-analyst estimate of 17 cents, citing a downturn in spending by telecommunications carriers.
said its third-quarter earnings will be about break-even, below the two-analyst estimate of 40 cents a share.
The company also said it expects to record $32 million in restructuring charges and a $66 million noncash software write-off in the second half, which are expected to result in an annualized expense reduction of $40 million.
Also, the company engaged
to help explore strategic options, including financial restructuring, stock repurchases, spin-offs, joint ventures and business combinations.
said it expects to report double-digit sales and net income growth in fiscal 2001, led by an increase of 10% to 15% in its auto sales segment.
The company said fiscal 2001 will be helped by new contracts and the recent acquisition of automotive seating company Ikeda Bussan. Also, it said incremental backlog of new orders for its interior systems should generate added revenue of about $3 billion by the end of fiscal 2003.
The 12-analyst estimate put earnings at $5.47 a share for 2001. The company said Sept. 19 that it expected to report fiscal 2000 earnings of between $5.06 and $5.09 a share, above
First Call/Thomson Financial's
then-consensus estimate of $5.02 a share. The figure was since revised to earnings of $5.05 a share for 2000.
expects to report a third-quarter loss of 13 cents to 17 cents a share, excluding a noncash charge of $585,000 for deferred stock compensation. Including the charge, the loss will be 16 cents to 20 cents a share. The Internet infrastructure management software company expects third-quarter revenue of $10 million to $10.2 million.
A First Call survey of five analysts produced a mean earnings estimate of 4 cents a share for the company's third quarter. The company lost 1 cent a share in the year-ago period. Marimba attributed the expected shortfall to delayed sales transactions that weren't concluded during the quarter.
warned that it will report third-quarter earnings of 1 cent to 4 cents a share, falling short of the 11-analyst estimate of 8 cents.
The company said results were affected by a greater-than-expected seasonal impact on European operations and a strong U.S. dollar. Razorfish, which expects to report its third-quarter results Oct. 24, said it is reviewing its management and cost structure.
, which operates a network of Web sites, forecast lower-than-expected third quarter revenue, but a smaller-than-expected third quarter loss. The company expects revenue of $5 million to $5.2 million, compared with $1.2 million a year ago. Snowball also plans to report a loss before noncash items of 36 cents to 38 cents a share. An eight-analyst estimate expected the company to lose 42 cents in the third quarter. Snowball lost 51 cents in the year-ago period.
Although the company expects revenue growth to resume in the fourth quarter, Snowball said revenue will still be below expectations for the second half of the year. Additionally, the company reduced its work force by about 15%, or 50 people.
Structural Dynamics Research
warned that third-quarter earnings will be about break-even, well below the five-analyst estimate of 25 cents a share. The company blamed the missed earnings on disappointing sales execution.
The company said going forward it will implement a freeze in hiring except in strategically critical areas.
99 Cents Only Stores'
same-store sales rose 2.1%. 99 Cents Only opened six stores during the latest quarter and plans to open two additional stores in the fourth quarter.
said its same-store sales were up 10% during the five-week period ended Oct. 1, over year-ago sales.
Back to top
Offerings and stock actions
Clear Channel Communications
said its board authorized the repurchase of up to $1 billion of the company's stock.
Back to top
named Executive Vice President Danny Stroud its new president and CEO.
said its president and chief executive, Danley Sheldon, resigned. The company's board named James Ferrell, chairman and founder, as Sheldon's replacement.
Food and Drug Administration
approved its once-a-month injectable contraceptive, called Lunelle.
Back to top