Excite Inc came in on the money with its first quarter results yesterday. The Redwood City company reported first quarter net losses of $7.0m, down from $8.8m last time, on revenues that rose to $23.0m from $7.5m previously. Wall Street had been looking for losses per share of 35 cents, according to First Call and the company came in just one cent ahead of that. Traffic rose to an average of 40 million page views per day and it booked $56.3m of new commerce-oriented sponsorships in the quarter. Cash stood at $26.0m on March 31, down from $32.1m three months earlier.
