Online hardware and software retailer Cyberian Outpost Inc said Wednesday that it expects to report fourth-quarter revenues that show a four-fold increase year-over-year and 40% growth from the preceding quarter. The Kent, Connecticut-based company is projecting revenue for the quarter ended February 28 of about $33m, up from $8.1m last year. Total revenue for the fiscal year should reach approximately $85m, up from $22.7m in 1998. The company claims its web site at Outpost.com saw 33% growth in the quarter with 280,000 customers at the end of February, an increase of 70,000 from the end of the prior quarter. The company declined to disclose any information on operating costs in the quarter and made no projection on net results. Analysts surveyed by First Call are expecting the company to post a loss of $0.39 per share, down from a $0.46 loss in the year-ago quarter, but up from losses of $0.23, $0.29 and $0.34 in the first three quarters. Bottom-line concerns aside, after the announcement shares in Cyberian Outpost jumped $6.375, or roughly 40%, to close at $22.50 Wednesday. Volume was a whopping 8.2 million shares, or more than seven times its daily average.
Content from our partners
