Vastera qtly loss narrows, cuts 2002 rev outlook

Newswire

DULLES, Va., July 25 (Reuters) - Vastera Inc. , which provides information on global trade to companies, said Thursday its second-quarter loss narrowed, but it cut its 2002 revenue projections due to economic conditions and a restructured pact with Ford Motor Co. The company said its net loss for the quarter narrowed to $4.5 million, or 11 cents a share, compared to a loss of $10.9 million, or 29 cents a share, a year-earlier. Revenue for the quarter rose 23 percent to $18.3 million from ...

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