Liberate Q3 Report Beats Out Analyst Estimates, Stock Jumps

Share this content:
Shares of Liberate Technologies Inc., an interactive television software provider, were up over 12 percent yesterday at $8 after the company announced late Wednesday that it beat out analysts' loss estimates for the third quarter, ending Feb. 28, 2001.

The company's net loss was $.09 per share, beating the expected loss of $0.12 per share.

The company said that it beat analyst expectations because it increased its subscriber base by over 42 percent to about 1.1 million. The subscriber boost was primarily attributed to a jump in deployments of interactive and digital television in European markets.

Liberate also provided projections for fiscal 2001 and 2002, and said it expects to reach profitability during the first half of 2003. As a result, most analysts upped their estimates of the company stock.

Revenues for the quarter were $14.4 million, up 92 percent from $7.5 million for the same quarter last year.

For the fiscal year ending May 31, 2001, the company expects revenues in the range of $50.1 million to $50.6 million, compared to $28 million in the fiscal year 2000. It also expects net loss per share for 2001 to fall between $0.35 and $0.37, compared to a loss of $0.52 per share for the fiscal year 2000.

Liberate shares hit a 52-week high of $86.50 on March 23, 2000.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above