Shares of Cyberian Outpost (Nasdaq: COOL), an Internet-only retailer that sells computer hardware, software and accessories were up sharply in early trading after the company released stellar preliminary sales results. Cyberian Outpost reported that total revenue for its fourth quarter is expected to reach approximately $33 million (US$), approximately a 400 percent increase from the $8.1 million in sales for the same period a year ago.
The company also announced that total revenue for the fiscal year ending on February 28, 1999 is expected to be $85 million, up from $22.7 million last year. Cyberian Outpost stock was up nearly 40 percent around 11 a.m. ET today, up 6-1/4 to 22-3/8.