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CMGI Down Despite Beating Estimates

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Internet incubator

CMGI

(CMGI)

was down 4.8% in early trading after striking a 52-week low of $8.50.

After the close Thursday, CMGI posted a loss of $2.07 per share in the first quarter, ahead of the Street's estimate of $2.13 but more than double the year-ago loss. The CMGI stock is down from a year-high of $163.50.