Go.com (NYSE: GO) was down 1/8 to 14 1/4 Tuesday after reporting a first-quarter loss.
The company, which represents the Internet and direct-marketing businesses of the Walt Disney Co. (NYSE: DIS), said its net loss totaled $72.6 million, or 47 cents a share, excluding non-cash charges. The results were ahead of expectations: Analysts had predicted a loss of 54 cents, according to reports.
Revenue rose to $97.6 million from $70.8 million, as Internet sales grew but direct marketing from catalog operations suffered. Disney Chairman and Chief Executive Officer Michael Eisner said the results “reflect the nascent stage of both the Internet economy and our Internet business.”