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Tech Industry

Earnings Roundup: Macromedia, Ingram Micro shine

    Macromedia blew past analysts' estimates in its fourth quarter Wednesday, raking in $12.5 million, or 22 cents a share, on sales of $89.3 million.

    First Call Corp. consensus expected the software developer to earn 16 cents a share in the quarter.

    Macromedia (Nasdaq: MACR) shares closed off 3 7/16 to 61 1/4 ahead of the earnings report.

    Its sales of $89.3 million marks a 95 percent improvement compared to the year-ago quarter when it pocketed $3.9 million, or 8 cents a share, on sales of $45.8 million.

    "It has been a great year for Macromedia," said CEO Rob Burgess in a prepared release. "Our financial results reflect the accelerating strength and momentum of our business, and are a testament to the product and business foundation we have been putting in place for several years."

    For the year, Macromedia posted a profit of $30.4 million, or 56 cents a share, on sales of $264.2 million compared to a profit of $8.1 million, or 17 cents a share, on sales of $133.2 million in fiscal 1999.

    Its shares moved up to a 52-week high of 100 in March after falling to a low of 27 3/8 in August.

    Analysts expect it to earn 90 cents a share in fiscal 2001.

    Among other technology companies reporting earnings Wednesday:

  • Ingram Micro (NYSE: IM) also topped analysts' estimates in its first quarter, earning $24.7 million, or 17 cents a share, on sales of $7.8 billion.

    Analysts were looking for a profit of 15 cents a share in the quarter.

    Its shares finished up 1 5/8 to 20 ahead of the earnings report.

    The $7.8 billion in sales marks a 16 percent improvement from the year-ago quarter when it made $42.3 million, or 29 cents a share, on sales of $6.7 billion.

    In the quarter, Ingram Micro earned $69.3 million, net of tax, or 47 cents a share from the sale of shares of SOFTBANK Corp. common stock and an extraordinary gain of $2.1 million, net of tax, or 1 cent a share from the repurchase of company debentures.

    Including those gains, it made $96.1 million, or 65 cents a share.

  • Cirrus Logic (NYSE: CRUS) inched past Street estimates in its fourth quarter, earning $6.3 million, or 5 cents a share, on sales of $160.2 million.

    Analysts expected it to earn 4 cents a share in the quarter.

    Cirrus Logic shares closed unchanged at 16 ahead of the earnings report.>