GSI posts Q3 net loss
While its net revenue was up 36 percent, GSI Commerce (Nasdaq: GSIC) posted a multi-million dollar net loss for the third quarter.
For the quarter ended Sept. 27, net revenues were $186.8 million, up from $137.3 million.
Net loss was $12.8 million, or $0.27 per share, compared to $6.1 million, or $0.13 per share.
Loss from operations was $16.5 million compared to $11.5 million.
Looking ahead, GSI expects 2008 net revenues to be in a range of $950 million to $985 million. Loss from operations is expected to be in a range of $6.5 million to $9.5 million.
For the fourth quarter, it anticipates net revenues to be in a range of $375 million to $410 million. Income from operations is expected to be in a range of $42 million to $45 million.
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