Screaming Media Leaps 35.9% on Earnings, Upgrade
Web content provider
Screaming Media
(SCRM)
was 35.9% in midmorning after it reported a third-quarter loss late Thursday of 16 cents per share, better than the Street's estimate of 22 cents.
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TheStreet Recommends
Credit Suisse First Boston
upgraded it to strong buy from buy and trimmed its loss estimates for 2000 and 2001. The brokerage cut its price target to 23 from 30, however, to reflect trends in the sector.
