UPDATE 1-TABLE-NaviSite Q4 net loss widens

Tue Sep 25, 2007 5:25pm EDT
 
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 (Adds Q1, fiscal 2008 revenue outlook)
 Sept 25 (Reuters) -
                       NAVISITE INC. (NAVI.O)
 (in $)                   Latest    Yr-ago qtr
 Loss/shr (diluted)        0.53        0.11 
 Loss/shr, before items#   0.04          -- 
 Net Loss (million)        17.1         3.0 
 Total revenue (million)   34.7        29.4
 #Excludes loss on debt extinguishment
 Reuters Estimates: Loss/shr $0.04 (one analyst), revenue $33.1
million (five analysts)
 --The provider of application solutions and technology
services forecast first-quarter revenue of $36 million to $37
million, and said it expected fiscal 2008 revenue of $170
million to $180 million.
 --For the first-quarter, analysts on average were expecting
a revenue of $34.3 million, according to Reuters Estimates. For
fiscal 2008, analysts were looking for revenue of $149.0
million.
 --Shares of the company were up more than 6 percent at
$8.16 in late electronic trade, after closing at $7.69 on the
Nasdaq.
 (Reporting by Ramya Dilip in Bangalore)


 

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