GSI Commerce Reports Fiscal 2008 Second Quarter Operating Results (PR Newswire)

Wednesday July 23, 4:01 pm ET KING OF PRUSSIA, Pa., July 23 /PRNewswire-FirstCall/ -- GSI Commerce Inc. (Nasdaq: GSIC - News ) today announced its financial results for its fiscal 2008 second quarter ended June 28, 2008. Fiscal 2008 Second Quarter Compared to Fiscal 2007 Second Quarter -- Net revenues increased 47 percent to $193.2 million from $131.3 million. -- Non-GAAP net revenues increased 85 percent to $102.9 million from $55.8 million. -- Loss from operations was $17.2 million compared to $9.0 million and included $2.2 million in amortization expense related to e-Dialog and Zendor, which was not included in the company's guidance for the quarter. -- Non-GAAP income from operations was $6.7 million compared to $0.7 million. -- Net loss was $19.0 million or $0.40 per share compared to $5.0 million or $0.11 per share. The... [read full story]