Macromedia blew past analysts' estimates in its fourth quarter Wednesday, raking in $12.5 million, or 22 cents a share, on sales of $89.3 million.
First Call Corp. consensus expected the software developer to earn 16 cents a share in the quarter.
Macromedia (Nasdaq: MACR) shares closed off 3 7/16 to 61 1/4 ahead of the earnings report.
Its sales of $89.3 million marks a 95 percent improvement compared to the year-ago quarter when it pocketed $3.9 million, or 8 cents a share, on sales of $45.8 million.
"It has been a great year for Macromedia," said CEO Rob Burgess in a prepared release. "Our financial results reflect the accelerating strength and momentum of our business, and are a testament to the product and business foundation we have been putting in place for several years."
For the year, Macromedia posted a profit of $30.4 million, or 56 cents a share, on sales of $264.2 million compared to a profit of $8.1 million, or 17 cents a share, on sales of $133.2 million in fiscal 1999.
Its shares moved up to a 52-week high of 100 in March after falling to a low of 27 3/8 in August.
Analysts expect it to earn 90 cents a share in fiscal 2001.
Among other technology companies reporting earnings Wednesday:
Analysts were looking for a profit of 15 cents a share in the quarter.
Its shares finished up 1 5/8 to 20 ahead of the earnings report.
The $7.8 billion in sales marks a 16 percent improvement from the year-ago quarter when it made $42.3 million, or 29 cents a share, on sales of $6.7 billion.
In the quarter, Ingram Micro earned $69.3 million, net of tax, or 47 cents a share from the sale of shares of SOFTBANK Corp. common stock and an extraordinary gain of $2.1 million, net of tax, or 1 cent a share from the repurchase of company debentures.
Including those gains, it made $96.1 million, or 65 cents a share.
Analysts expected it to earn 4 cents a share in the quarter.
Cirrus Logic shares closed unchanged at 16 ahead of the earnings report.>