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2004-04-15
Interland rallies as it narrows Q2 loss
NEW YORK (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.
Interland.
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