7/20...BVSN..posts earnings of 4 cents a share
REDWOOD CITY, Calif., July 20 (Reuters) - E-commerce software company BroadVision Inc.(NasdaqNM:BVSN - news) on Thursday posted higher-than-expected second-quarter earnings, beating Wall Street expectations.
The Redwood City, Calif.-based company reported pro forma earnings per share of 4 cents on a diluted basis, or $10.6 million, compared to 1 cent, or $3.3 million, a year ago.
Wall Street analysts had on average expected the company to post earnings per share of 2 cents, according to First Call/Thomson Financial.
The company, which helps launch e-commerce Web sites, posted revenue of $95.3 million for the second quarter, more than triple the $23.5 million of a year ago.
``This quarter, BroadVision achieved an impressive number of milestones, particularly in terms of providing consistent and profitable revenue growth, customer wins, partnership expansion, live site announcements, product offerings and new business initiatives,'' said Pehong Chen, President and Chief Executive Officer.
Including one-time items, the Redwood City, Calif.-based company said it posted a net loss of $54.8 million, or 21 cents a share, in the latest quarter.
The shares of BroadVision were up 4-9/16 to 45 3/8 on Nasdaq market. The company announced its earnings after market close. |
