USA: Global Sports Expects to Exceed Analysts' Expectations
Global Sports Inc (Nasdaq: GSPT), a leading developer and operator of e-commerce sporting goods businesses, today announced that it expects its operating results for the fourth quarter of fiscal 2000 to exceed analysts' expectations. The company anticipates that its net sales for the fiscal quarter ended December 30, 2000 will be greater than the average of analysts' estimates of $19.3 million, compared to net sales of $5.5 million for the fourth quarter of fiscal 1999. Global Sports expects that its operating loss, excluding non-cash charges, for the fourth quarter of fiscal 2000 will be less than the average of analysts' estimates of $9.9 million, compared to an operating loss, excluding non-cash charges, of $14.7 million for the fourth quarter of fiscal 1999.
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