showed them the money. It just wasn't
The B2B firm said Wednesday that its second-quarter revenue grew by more than 1,400% over the comparable period last year, to $53.6 million. The company said its loss, excluding acquisition costs and other one-time items, reached 23 cents a share, compared with 10 cents a share last year. The forecast among analysts was 30 cents a share.
VerticalNet's 95% sequential revenue growth was impressive, even within the surging B2B space. With that increase, the company can boast similar gains to
, which saw sequential revenue growth of 101% and 109%, respectively.
But with a signal of how high expectations in the B2B sector have become again, VerticalNet did not beat its whisper numbers for revenue, which stood around $55 million. Thus, while VerticalNet's results were impressive, they didn't bolster the stock. After ending the regular session down 5/8, or 1%, to 56 3/4, VerticalNet shares continued to sell off slightly in after hours trading. They were down 1, or 2% to 55 3/4.