Web.com Group, Inc. (WWWW) Thursday said first-quarter loss from continuing operations widened to $46.5 million or $0.97 per share from $29.8 million or $0.65 per share in the same period last year.
First-quarter results included a $19.5 million charge for a loss related to debt extinguishment.
Adjusted earnings from continuing operations totaled $24.5 million or $0.48 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $115.55 million, up from $91.51 million last year. Analysts expected revenues of $127.71 million.
Average revenue per use, or ARPU, was $13.89, up $0.12 from $13.77 in the previous quarter. Customer churn was approximately 1 percent.
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