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Global Sports signs on three, strengthens winning roster.(Brief Article)(Statistical Data Included)
KING OF PRUSSIA, PA. -- The recent addition of names such as Olympia Sports, Gart Sports and Dick's Sporting Goods to the client roster of Global Sports has this developer and operater of e-commerce sporting goods sites on track to achieve fourth quarter profitability.
Analysts estimate Global Sports will produce a net income of $500,000, or $0.02 a share, on its fourth quarter revenue of approximately $49 million. For the full year, the company is expected to report a loss of $19 million, or $0.59 a share, on a revenue of $100 million.
"I feel good about the company because they continue to add partners and leverage their expenses," said Richard Zimmerman of Janney Montgomery Scott. …
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