WASHINGTON (dpa-AFX) - ICG Group Inc. (ICGE) reported first-quarter GAAP net loss of $7.02 million, or $0.19 per share, compared with an income of $15.9 million, or $0.42 per share last year. Recent quarter's results include non-recurring net gains of $0.4 million, which mainly relate to a gain on the prior sale of Metastorm, while the results for the quarter ended March 31, 2011 include a non-recurring gain of $24.9 million from the sale of Metastorm.
GAAP revenue for the quarter ended March 31, 2012 increased to $36.6 million from $34.0 million in the corresponding 2011 period. On average, 4 analysts polled by Thomson Reuters expected loss per share of $0.11 on $35.50 million revenue for the quarter. Analysts' estimates typically exclude one-time items.
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