Liberate Technologies Posts Narrower-Than-Forecast Loss

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Liberate Technologies

(LBRT) - Get Report

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.