Internet company Lycos has posted a smaller than expected fourth quarter loss.
The company, which is one of the front runners in the Web portal race, reported a loss of $5.8 million, or 32 cents a share, compared with a loss of $575,352 or four cents a share for the same quarter last year.
Excluding one-time merger charges, Lycos would have posted a loss of $1.6 million or nine cents a share. The company is expected to announce a two for one stock split next week.
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