Interland
rallies as it narrows Q2 loss [April 15, 2004]
NEW
YORK, Apr. 15, 2004 (CBS.MW) -- Interland (INLD) shares
jumped more than 13 percent to $4.77 after the Atlanta
provider of Web hosting and other online services reported
a second-quarter loss of $10.1 million, or 62 cents
per share, narrower than its year-ago loss of $22.4
million, or $1.58 per share. Revenue slipped in the
latest three months to $26 million from $26.1 million
in the same period a year earlier. Looking ahead, the
company said it expects to report positive EBITDA (earnings
before interest, taxes, depreciation, and amortization)
starting in the fourth quarter of this fiscal year.
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