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:
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.
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.