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Tech Industry

Earnings Roundup: Harbinger delivers in 4Q

Harbinger Corp. (Nasdaq: HRBC), a business-to-business software developer, met Street estimates in its fourth quarter Wednesday, raking in $2.7 million, or 7 cents a share, on sales of $42.4 million.

Analysts raised their collective estimate to 7 cents a share earlier this quarter after Harbinger pre-announced better-than-expected sales.

Its shares closed off 1 1/16 to 23 ahead of the earnings report.

"We completed another record quarter and we are beginning to see the results of a full-year's focus on our key operational initiatives," said CEO James Travers in a prepared release.

The $42.4 million in sales marks a 16 percent improvement from the year-ago period when it earned $3.3 million, or 8 cents a share, on sales of $36.5 million.

For the year, Harbinger pulled in $10.7 million, or 26 cents a share, on sales of $108.7 million compared to a profit of $15.3 million, or 36 cents a share, on sales of $88 million in fiscal 1998.

Harbinger shares rallied up to a 52-week high of 34 in December after bottoming out at 5 3/4 in March.

First Call consensus expects it to earn 11 cents a share in fiscal 2000.

Among other technology companies reporting earnings Wednesday:

  • Ramp Networks Inc. (Nasdaq: RAMP) posted a wider-than-expected loss in its fourth quarter, losing $4.1 million, or 20 cents a share, on sales of $4.8 million.

    First Call consensus expected the provider of shared Internet access devices to lose only 17 cents a share in the quarter.

    Its shares closed up 3 3/4, or 27 percent, to 17 7/8 ahead of the earnings report.

    The $4.8 million in sales marks a 62 percent improvement from the year-ago quarter when it lost $3.3 million, or 21 cents a share, on sales of $3 million.

    For the year, it lost $13.2 million, or 71 cents a share, on sales of $18.2 million compared to a loss of $13.4 million, or 86 cents a share, on sales of $9.9 million in fiscal 1998.

  • Centura Software Corp. (Nasdaq: CNTR) reported a fourth-quarter loss of $600,000, or 2 cents a share, on sales of $14 million.

    There was no First Call consensus estimate for Centura this quarter.

    In the year-ago quarter, it lost $300,000, or 1 cent a share, on sales of $13.6 million.

    For the year, it lost $3.2 million, or 10 cents a share, on sales of $51 million compared to a profit of $2.1 million, or 8 cents a share, on sales of $53.5 million in fiscal 1998.

    Its shares closed up 1/8 to 9 1/8 ahead of the earnings report.