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Theglobe.com inc. Q1 loss widens YOY

theglobe.com inc. said its first-quarter normalized net income amounted to a loss of $57,880, compared with a loss of $57,240 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of $92,620, or a loss of 0 cents per share, compared to income of $20,920, or 0 cents per share, in the year-earlier period.