BEA Systems (Nasdaq: BEAS) beat the consensus estimate by a penny in the first quarter.
After market close Tuesday, the e-commerce software vendor reported fiscal first quarter net income of $13.3 million, or 3 cents per share, excluding special charges. Analyst consensus predicted a profit of 2 cents per share, according to Zack's Investment Research.
Including amortization, merger-related costs, a write-off of acquired in-process R&D, and taxes on gains realized by employees from stock option exercises, BEA lost $12.4 million, or 3 cents per share.
First quarter revenue increased 80 percent year-over-year to $153.7 million from $86.6 million.
"The surge in demand we saw at the end of fiscal 2000 continued in the first quarter, giving BEA its strongest first quarter ever," stated Bill Coleman, chairman and CEO.
The company saw more than 50 customers for its recently introduced Weblogic Commerce Serve and Personalization Server offerings.
Shares of BEA slid to 47 7/32 in afterhours activity on the Island electronic communications network. The stock closed Tuesday's regular trading at 49 7/64, up 5 7/64 for the session.
Other companies reporting quarterly results Tuesday:
The Chinese-language website operator reported a fiscal third quarter pro forma loss of $6.7 million, or 20 cents per share, not counting one-time events. Pro forma results assume the conversion of all preferred shares related to Sina.com's IPO last month.
First Call's survey of two analysts predicted a loss of 26 cents per share.
Including all items, Sina.com lost $12.1 million.
Also Tuesday, Sina.com announced wireless distribution deals with Ericsson (Nasdaq: ERICY), Motorola (NYSE: MOT) and Siemens.>