CMGI beats Q4 expectations

Summary:CMGI easily topped analyst forecasts in the fourth quarter. After market close Thursday, the Internet investment and development company reported a fiscal fourth quarter net loss of $142.

CMGI easily topped analyst forecasts in the fourth quarter. After market close Thursday, the Internet investment and development company reported a fiscal fourth quarter net loss of $142.8 million, or 49 cents per share, excluding special charges. Including costs for amortization and acquired in-process R&D, CMGI (cmgi) lost $633.7 million, or $2.17 per share. First Call Corp's survey of eight analysts predicted a loss of $2.45 per share for the quarter ended July 31. Full story. -- Sergio G. Non, ZDNet Inter@ctive Investor

Topics: Tech Industry

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