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Earnings Roundup: Macromedia, Software.com deliver

Macromedia beat the Street in its second quarter, earning $15 million, or 26 cents a share, on sales of $102.4 million.

Analysts surveyed by First Call Corp. predicted it would earn 24 cents a share in the quarter.

Macromedia (Nasdaq: MACR) shares fell $8.19 to $69 ahead of the earnings report.

The $102.4 million in sales marks a 73 percent improvement from the year-ago quarter when it earned $6.1 million, or 11 cents a share, on sales of $59.3 million.

Company officials credited strong sales of its Flash and Dreamweaver products for the upside surprise.

It expects sales growth of 55 percent to 58 percent and pro forma earnings growth of 90 percent to 100 percent in fiscal 2001. For the third quarter, it sees 60 percent to 65 percent year-over-year revenue growth and 80 percent to 85 percent pro forma earnings growth.

Last quarter, it earned $12 million, or 21 cents a share, on sales of $94.8 million.

Its shares peaked at $120.88 in July after falling to a low of $42.25 in April.

Twelve of the 13 analysts tracking Macromedia shares maintain either a "buy" or "strong buy" recommendation.

Among other technology companies reporting earnings Wednesday:

  • Informix (Nasdaq: IFMX) missed analysts' reduced estimates in its third quarter, losing $18.5 million, or 6 cents a share, on sales of $211.1 million.

    First Call Corp. consensus expected the database software developer to lose 5 cents a share in the quarter.

    Earlier this quarter, Informix shares slumped after warning it would miss analysts' estimates.

    In the year-ago quarter, Informix earned $25.8 million, or 9 cents a share, on sales of $261.1 million.

    "Results in the third quarter came in toward the higher end of our revised expectations," said CEO Peter Gyenes in a prepared release. "As we commented previously, while we bore the burden of a post-Y2K slowdown in demand of traditional client-server products and weak foreign currencies, the primary cause of the Company's under-performance has been poor execution."

    Informix shares closed up 31 cents to $4.25 ahead of the earnings report.

  • Symantec (Nasdaq: SYMC) topped the Street estimates Wednesday, posting a profit of $45.8 million, or 72 cents a share, on sales of $192.3 million.

    First Call Corp. consensus expected the software developer to earn 69 cents a share in the quarter.

    Its shares fell $1.63 to $39.63 ahead of the earnings report.

    In the year-ago quarter, it earned $31 million, or 52 cents a share, on sales of $169.2 million.

  • Citrix Systems (Nasdaq: CTXS) topped analysts' estimates in its third quarter, earning $27.5 million, or 14 cents a share, on sales of $113.5 million.

    Analysts were expecting a profit of 12 cents a share in the quarter.

    Ahead of the earnings report, Citrix shares added $1.88 to $19.

    In the year-ago quarter, it pocketed $29.3 million, or 15 cents a share, on sales of $105.8 million.

  • Software.com (Nasdaq: SWCM) shattered analysts' estimates in its third quarter, earning $7.4 million, or 13 cents a share, on sales of $37.6 million.

    Analysts were expecting a profit of 3 cents a share in the quarter.

    Its shares closed off $18.13 to $133.13 ahead of the earnings report.

    The $37.6 million in sales marks a 196 percent improvement from the year-ago quarter when it lost $2.8 million, or 7 cents a share, on sales of $12.7 million.

  • Be Inc. (Nasdaq: BEOS) posted a third-quarter loss of $4.7 million, or 12 cents a share, on sales of $68,000.

    There was no First Call Corp. consensus estimate for Be this quarter.

    The stock fell 6 cents to $2.63 ahead of the earnings report.

    In the year-ago quarter, Be lost $6.1 million, or 16 cents a share, on sales of $775,000.

  • BroadVision, Inc. (Nasdaq: BVSN) reported third quarter net income of 5 cents a share, topping First Call's expectation by a penny.

    Shares in the provider of personalized e-business applications closed down 1.31 to 24.75 Wednesday.

    Net income of 5 cents a share, or $13.6 million, was up 202 percent over 1999's third quarter income of $4.5 million, or 2 cents a share. Revenue for the quarter was $120.2 million, up 303 percent over the previous year's third quarter revenue of $29.8 million.

    The company said it is firing on all cylinders to expand its business in new vertical market penetration, geographical distribution, partner contribution, new customer wins, and customer live sites. During the quarter, it acquired 142 new customers.

    Tiffany Kary contributed to this report.