(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)
