Internet company Go2net shattered Wall Street expectations by making a surprise profit for its fourth fiscal quarter.
For the period ending 30 September 1998, Go2net, which operates a network of technology and community driven Web sites, posted a net income of $130,000, or two cents per share (excluding merger-related charges), while analysts predicted a loss of 10 cents per share.
This compares to a net loss of $400 million, or nine cents per share for the same period a year earlier. Revenue was up 47 per cent to $1.96 million
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