posted an 80% revenue increase and had a narrower-than-expected loss in its second quarter on strong demand for its interactive TV software.
The San Carlos, Calif., company said it lost $6.3 million, or 6 cents a share, on a pro forma basis in the quarter ended Nov. 30. Analysts had been forecasting a pro forma loss of between 8 and 10 cents a share. Second-quarter revenues were $21 million.
In after-hours trading on Instinet Thursday, Liberate's shares rose to $10.95 after closing regular trading at $9.75.