Gifts Under $30 Gifts Under $50 iPhone Emergency SOS Saves Man MyHeritage 'Time Machine' Guardians of the Galaxy 3 Trailer White Bald Eagle Indiana Jones 5 Trailer Black Hole's 1,000 Trillion Suns
Want CNET to notify you of price drops and the latest stories?
No, thank you

Avant! hits 3Q targets

Software developer Avant! met analysts' estimates in its third quarter Friday, earning $18.5 million, or 45 cents a share, on sales of $90.5 million.

First Call Corp. consensus expected it to earn 45 cents a share in the quarter.

Ahead of the earnings report, Avant! (Nasdaq: AVNT) shares closed unchanged at $17.

The $90.5 million in sales marks a 20 percent improvement from the year-ago quarter when it earned $14.8 million, or 22 cents a share, on sales of $75.5 million.

"As we progress through the 21st century, we will continue to provide our customers with innovative technology, superior products, and excellent service," said CEO Gerald Hsu in a prepared release. "Our ability to continually deliver the solutions that our customers require will keep Avant! successful through the booming electronics age."

The stock peaked at $20.63 in January before falling to a low of $8.88 in April.

Two of the four analysts' tracking the stock rate it a "hold."

Analysts expect Avant! to earn $1.77 a share in the fiscal year.