Clarus Sees Narrower-Than-Expected Loss

ATLANTA (Reuters) - Business-to-business software provider Clarus Corp. (Nasdaq:CLRS - news) on Monday said its third-quarter loss would be narrower than expected as the firm successfully managed expenses for the quarter, improving results.

The Atlanta-based company said it expects a third-quarter operating loss in the range of 62 cents to 64 cents a share, better than the Thomson Financial/First Call consensus estimate of a loss of 65 cents a share for the quarter.

Excluding the effects of a one-time charge associated with a corporate restructuring executed during the third quarter, loss per share from operations would have been between 59 cents and 61 cents a share, the company said.

Revenues for the quarter are seen between $2.8 million to $3.0 million, the company said.

``Our top line performance was below expectations, however we were successful in our proactive management of our expenses during the quarter allowing us to beat the bottom line,'' Clarus President and Chief Executive Steve Jeffery said in a statement.

Shares of Clarus fell 22 cents, or about 5.6 percent, to close at $3.70 on the Nasdaq stock market on Monday. The stock's 52-week low is $3.22, while its year high is $24.75.

Printer Friendly

Email Page

Sponsor Message