A Bear's Face on Mars Blake Lively's New Role Recognizing a Stroke Data Privacy Day Easy Chocolate Cake Recipe Peacock Discount Dead Space Remake Mental Health Exercises
Want CNET to notify you of price drops and the latest stories?
No, thank you

Earnings Roundup: Terayon, PeopleSoft top 3Q estimates

Terayon Communication Systems soared past analysts' estimates in its third quarter Tuesday, raking in $8.5 million, or 12 cents a share, on sales of $125.3 million.

First Call Corp. consensus expected the maker of broadband access systems to earn 9 cents a share in the quarter.

Terayon (Nasdaq: TERN) shares closed up $1.88 to $41 ahead of the stellar earnings report.

The $125.3 million in sales represents a staggering 436 percent improvement from the year-ago quarter when it lost $1.7 million, or 4 cents a share, on sales of $23.4 million.

"We are pleased to report today that Terayon has achieved another great quarter for both revenues and earnings," said CEO Zaki Rakib in a prepared release.

Last quarter, Terayon earned $4.7 million, or 7 cents a share, on sales of $92 million.

Its shares moved up to a 52-week high of $142.63 in March after falling to a low of $18.88 last October.

All seven analysts following the stock rate it either a "buy" or "strong buy."

Among other technology companies reporting earnings Tuesday:

  • PeopleSoft (Nasdaq: PSFT) topped analysts' estimates in its third quarter, earning $23.4 million, or 8 cents a share, on sales of $443.1 million.

    Analysts expected it to earn 7 cents a share in the quarter.

    Ahead of the earnings report, PeopleSoft shares fell $3.06 to $32.75.

    In the year-ago quarter, PeopleSoft posted a profit of $500,000 on sales of $346.1 million.

    In the quarter, licensing sales increased 100 percent from the year-ago quarter to $131.5 million.

    "PeopleSoft's record third quarter is a culmination of continued solid business management and execution in an industry rapidly adopting Internet technology," said CEO Craig Conway in a prepared release. "This is the year in which the Internet evolved from a consumer vehicle to a business tool embraced by real companies."

    PeopleSoft shares peaked at $37.88 earlier this month after falling to a 52-week low of $12 in May.