Earnings Roundup: Cobalt, McAfee.com top forecasts
Cobalt Networks got past analysts' estimates in its third quarter Monday, losing $1.2 million, or 4 cents a share, on sales of $20.4 million.
First Call Corp. consensus expected it to lose 6 cents a share in the quarter.
Ahead of the earnings report, Cobalt Networks (Nasdaq: COBT) shares closed up $1.44 to $56.19.
The $20.4 million in sales marks a 229 percent jump from the year-ago quarter when it lost $4.2 million, or 20 cents a share, on sales of $6.2 million.
"We are pleased with our performance this quarter and our company's growth and development in the year since our IPO," said CEO Stephen DeWitt in a prepared release. "In our view, our performance and sales growth affirm the vitality of the server appliance market and business model."
Cobalt shares moved up to a 52-week high of $172 in November before falling to a low of $25 in March.
All seven analysts following the stock rate it either a "buy" or "strong buy."
Among other technology companies reporting earnings Monday:
The online direct marketing network posted a loss of $3.4 million, or 22 cents a share, on sales of $5.6 million.
First Call Corp. consensus expected it to lose 24 cents a share in the quarter.
The $5.6 million in sales represents a 135 percent improvement from the year-ago quarter when it lost $3 million, or 36 cents a share, on sales of $2.4 million.
Company officials said it will now be known as Aptimus Inc.
In the quarter, it added 800,000 registered users, bringing its total to more than 4.5 million users.
Its shares closed off 6 cents to $2.06 ahead of the earnings report.
Analysts were expecting a loss of 11 cents a share in the quarter.
McAfee.com shares closed off 25 cents to $10.75 ahead of the earnings report.
The $12.6 million in sales marks an 86 percent improvement from the year-ago quarter when it lost $11.1 million, or 15 cents a share, on sales of $6.8 million.
The vendor of business software posted third quarter net incom eof $2.4 million, or 9 cents per share. Analyst consensus predicted a profit of 8 cents per share, according to Zack's Research.
Third quarter revenue increased 221 percent year-over-year to $17 million.
The vendor of customer relationship management software reported pro forma net income of $200,000, or breakeven on a per-share basis, including $4.7 million in gains from stock sales. Revenue rose to $145.5 million, including $52.4 million in software license revenue, which increased 70 percent year-over-year.
Also Monday, Aspect said Kevin Parker quit as CFO. CEO Beatriz Infante will be interim CFO until a permanent chief financial officer is found. >