Wind River tops 3Q estimates
Wind River Systems (Nasdaq: WIND) beat analyst estimates in the third quarter and predicted slightly lower-than-expected fourth quarter earnings.
After market close Wednesday, the maker of software for embedded devices reported third quarter net income of $9.7 million, or 12 cents per share, excluding special charges. Analyst consensus predicted a profit of 10 cents per share.
Including acquistion-related costs and amortization, Wind River lost $16 million, or 22 cents per share.
Third quarter revenue increased 37 percent year-over-year and 13 percent sequentially to $114.8 million.
"I am extremely pleased with our results in the third quarter," said Tom St. Dennis, president and CEOr. "We executed well on both our financial and strategic goals, including on-target revenue growth, improved operating margins and continued progress on the integration of our acquired companies."
CFO Mike Zellner reiterated Wind River's previously-stated target of 38 percent revenue growth for the fiscal year. The comapny sees fourth quarter earnings of 18 cents per share, or a penny below First Call consensus, on revenue of $130 million.
Shares of Wind River traded at 37 in afterhours activity on the Island electronic communications network, following the earnings report. Wind River fell 3.9375 to 37.1875 in Wednesday's regular trading, prior to the news.
Other companies reporting quarterly results Wednesday:
The e-business services company posted a pro forma net loss, excluding certain items, of $1.2 million, or a loss of 4 cents per share, compared with a loss of $6.0 million, or 22 cents per share, in the year-ago period.
Analysts on average predicted the company would lose 11 cents per share, according to First Call.
The company's chairman and chief executive, Klaus Besier, said in a statement FirePond expects to have $100 million in revenues and achieve profitability in fiscal 2001. Total revenues for the fourth quarter almost doubled to $19 million from about $10 million.
The online community operator and retailer for teens and twenty-somethings reported a third quarter net loss of $6.3 million, or 30 cents per share, excluding amortization. That was in line with First Call's consensus forecast.
Including goodwill writedowns, Alloy lost $9.7 million, or 46 cents per share.
Third quarter revenue rose 187 percent year-over-year and 128 percent sequentially to $28.1 million.
The company said it now sees a fourth quarter profit, before special charges, of 2 cents per share, a penny above consensus estimates. Alloy expects to be profitable for the full fiscal 2000.>