Online grocer Webvan Group Inc. told investors Tuesday that its fourth-quarter loss will be smaller than expected.
The Foster City-based company said it will lose 23 cents per share when it reports its fourth-quarter results Jan. 25. The consensus estimate among analysts polled by First Call/Thomson Financial had been a loss of 26 cents per share.
With 90 minutes of trading left Tuesday, Webvan's stock had dipped 3 cents to 44 cents.
Webvan attributed the improvement to savings from its acquisition of former rival HomeGrocer.com.<
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Unassigned said:
anna kuhre said:
CA Is Burning said:
Great spin. A Day to celebrate how the democrat party swept sexual abuse under the rug.
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