CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

Roundup: Macromedia, Verio, 3DO top forecasts

    Macromedia (Nasdaq: MACR) leapt past analyst estimates in the second quarter.

    After market close Wednesday, the maker of publishing and multimedia software reported fiscal second quarter earnings of $8.9 million, or 19 cents per share, excluding non-recurring costs. Analyst consensus predicted the company would earn 15 cents per share.

    Including costs stemming from the acquisition of Elemental Software and other purchases, Macromedia earned $4.7 million, or 10 cents per share.

    Second quarter revenue rose to $57.7 million, a 62 percent gain from $35.6 million in the year earlier period, when Macromedia earned $2.4 million, or 6 cents per share.

    The company's shockwave.com website, which Macromedia has said will be spun off, now has more than 4 million registered members after three months of operation. Macromedia cited Media Metrix statistics showing 2.3 million visitors to the shockwave.com site in September.

    Shares of Macromedia fell 13/32 to 56 3/4 in Wednesday's regular trading prior to the earnings report. Of 11 analysts surveyed by Zack's Investment Research, six recommend Macromedia as a "strong buy", four maintain the equivalent of "moderate buy" ratings on the stock, and one has a "hold" advisory.

    Other companies reporting quarterly results Wednesday:

  • Verio Inc.
  • (Nasdaq: VRIO) matched its second quarter losses in the third.

    The business website hosting company reported a third quarter net loss of $46.7 million, or 61 cents per share, same as the previous three-month period. First Call's survey of 15 analysts predicted a net loss of 68 cents per share for the quarter ended Sept. 30.

    Third quarter revenue increased to $68.3 million, more than double the $33.8 million in revenue for the year earlier period. Gross margin increased to 74 percent from 67 percent at the end of June.

    Verio added 35,000 websites to its base in the third quarter, bringing the company's total websites hosted to 305,000. The company picked up 25,000 sites in the second quarter.

    Parked domain names rose to 171,000, a gain of more than 40,000 for the quarter.

    "Our organic growth rate in the third quarter was approximately twice what we have seen in the third quarter for the last two years," said Herbert R. Hribar, president and chief operating officer. "We believe that the combination of our scalable web hosting platform, new products, expanded distribution channels, and the fact that our Tier I national network performs as well or better than our competition has given us tremendous momentum in the market."

  • The 3DO Company
  • (Nasdaq: THDO) easily beat analyst estimates in the second quarter.

    The maker of game software saw fiscal second quarter loss of $5.9 million, or 18 cents per share. first Call's survey of two analysts had predicted a loss of 27 cents per share.

    Second quarter revenue rose to $20.7 million, more than quadruple sales of $5 million in the year earlier period, when 3DO lost $7.5 million, or 29 cents per share. 3DO released three new games during the quarter. "The entertainment software market continued to experience tremendous growth during the first half of this year and we anticipate this growth in the overall market to continue, particularly with the addition of new console technology slated for delivery by Sony and Nintendo in the next year," said Trip Hawkins, chairman and CEO of 3DO.

  • Northpoint Communications Group
  • (Nasdaq: NPNT) lost a bit less than First Call consensus predicted in the third quarter.

    The provider of digital subscriber line Internet access reported a third quarter loss of $46.5 million, or 37 cents per share. First Call's survey of six analysts predicted a loss of 39 cents per share for the quarter ended Sept. 30.

    Third quarter revenue increased to $5.73 million from $2.5 million in the second quarter. The company began service in eight markets in the third quarter, bringing its total metropolitan areas served to 28. Subscribers rose to 11,800 from 5,700 in June.

    Northpoint plans to step up its network expansion in the fourth quarter. The company plans to move into 32 new markets before year end.

  • Visio
  • (Nasdaq: VSIO) saw fourth quarter earnings of $9.5 million, or 30 cents per share, not counting merger-related costs.

    Including merger expenses, Visio earned $8.4 million, or 27 cents per share.

    Fiscal fourth quarter revenue increased to $50.1 million, a 13 percent increase year-over-year for the maker of drawing and diagramming software. Sales were hurt, Visio said, as customers delayed purchases to wait for the company's pending acquisition by Microsoft. That deal is expected to close by January.

    Some buyers are also waiting for Visio 2000 Professional and Enterprise product upgrades, the company said. Those are scheduled for release in the current quarter.

    For the full fiscal 1999, Visio earned $39.8 million, or $1.27 per share, excluding merger related costs. Fiscal 1999 revenue rose 20 percent to $200 million.>