StarMedia Drops 10.9% as Loss Widens
StarMedia
(STRM)
was down 10.9% in preopen
Island
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trading. After Wednesday's close, the company posted a loss of 49 cents per share, missing the
First Call/Thomson Financial
estimate of 48 cents and the worse than the year-earlier 44 cents.
The Internet media company, which targets Spanish and Portuguese speakers, said it is comfortable with its estimates for 2001.
