Autodesk (Nasdaq: ADSK) easily beat estimates in the fourth quarter.
After market close Thursdsay, the maker of design software reported fourth-quarter net income of $29.3 million, or 48 cents a share, excluding special charges. First Call consensus predicted a profit of 41 cents per share.
Including one-time items, Autodesk's fourth quarter net income was $25.2 million or 41 cents a share.
Revenue for the fourth quarter of fiscal year 2000 was $220.2 million compared with revenue of $217.5 million reported for the same quarter a year ago.
"Our traditional markets are back and we have great products out there," said Carol Bartz, chairman and CEO.
Last year, San Rafael, Calif.-based Autodesk struggled with a lack of new products and delays in other ones, which crimped sales and hurt the stock. This year the company is on track, CFO Steve Cakebread said.
"Our business returned very well after last year," Cakebread told Reuters. "We had some struggles last year with not our whole product line coming out. But we're optimistic about a good January and February carrying forward this year."
Shares of Autodesk rose 2 9/16 to 41 1/16 in Thursday's regular trading. Among a dozen analysts polled by Zack's Investment Research, eight rate Autodesk the equivalent of a "moderate buy", three have it as a "hold" and one recommends the stock with a "strong buy" rating.
Other companies reporting quarterly results Thursday:
The Internet services firm reported fourth quarter earnings of $1.7 million, or 6 cents per share, excluding non-cash charges. First Call's survey of three analysts predicted a profit of 4 cents per share.
Fourth quarter revenue increased to $30.1 million, up 80 percent year-over-year on a pro forma basis.
For the full year, Luminant earned $3.2 million, or 12 cents per share, on revenue of $98 million.
The maker of software for wireless Internet devices reported fiscal second quarter earnings of 3 cents per share excluding amortization or a loss of 2 cents per share including all items. First Call's survey of three analysts predicted a loss of 7 cents per share for the quarter ended Jan. 31.
Second quarter revenue rose 48 percent year-over-year to $7.03 million.
Also Thursday, Puma said it apppointed Stephen Meyer president and chief operating officer. Puma founder and CEO Brad Rowe previously also was president. The COO position is new.
Meyer was senior vice president of sales and business development at NetMind Technologies, which was recently acquired by Puma.
The maker of network access chips earned $789,000, or 5 cents per share, in the fourth quarter. First Call consensus predicted a profit of 3 cents per share for the quarter ended. Jan. 31.
Fourth quarter revenue rose 68 percent year-over-year to $8.4 million.
For the full year, Netsilicon earned $2 million, or 17 cents per share, on revenue of $31.8 million.
The company plans to develop embedded chips for Linux and Java devices, said Cornelius Peterson VIII, chairman, president and CEO. Netsilicon expects to remain profitable in fiscal 2001, but at "substantially" lower levels than previously forecast, Peterson said.
Shares of Netsilicon dropped as low as 39 in afterhours activity. The stock closed Thursday's regular trading at 45 5/16, down 7/16 for the session.>