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Stock Watch: Netcentives Gains on Bullish Q3 Forecast

By Nora Macaluso
Sep 28, 2000 12:00 AM PT

Netcentives (Nasdaq: NCNT) was up 1 11/32 at 7 1/2 in early trading Thursday after the company, which provides technology and services for Internet loyalty and direct marketing campaigns, said third quarter revenue will be above analysts' expectations.

Stock Watch: Netcentives Gains on Bullish Q3 Forecast

The San Francisco, California-based company said it expects revenue for the quarter to total $11 million to $11.5 million, with gross cash sales of about $20 million. Analysts had expected revenue of $10.2 million and gross cash sales of $16.3 million.

"Many of our customers are top-tier, online and offline companies, who are increasingly signing significant, multi-year contracts that produce diverse, recurring revenue streams," said chairman and chief executive officer West Shell.

Netcentives plans to report results October 24th.

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