Inktomi Posts Narrower Than Expected Loss - TheStreet

Inktomi

(INKT)

lost a pro forma $7.7 million, or 6 cents a share, in its first quarter, beating analysts' forecasts, and said it expected a similar result in the second quarter.

Analysts had predicted the company would lose 9 cents a share on a pro forma basis for the quarter. Including charges, Inktomi lost $29.4 million, or 22 cents a share, compared with a loss of $38.1 million, or 31 cents a share, a year earlier.

The company said on a conference call that it expects second-quarter results to be roughly flat with the first quarter, with a pro forma net loss between 5 cents and 7 cents on revenue between $39 million and $40 million.