EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (246)	8/9/2000 11:21:53 PM
From: 2MAR$	Read Replies (1) of 762

8/9...AZPN (+10)Aspen Technology soared 28 percent cbs.marketwatch.com Wednesday after the software maker posted better-than-expected fourth-quarter earnings and an 88 percent jump in license revenue. Aspen (AZPN: news, msgs) reported fourth-quarter earnings of $5.7 million, or 18 cents a share, compared with a loss of $3.4 million, or 12 cents, a year earlier. Analysts polled by First Call expected 13 cents. Revenue totaled $83.4 million, up 44 percent from $57.8 million a year ago. License revenue totaled $47.3 million, up from the$47.3 million. Supply chain products drove the jump in license revenue, the company said. Based on the earnings report, Jefferies & Company analyst Richard T. Williams increased his fiscal 2001 earnings estimate from 42 to 52 cents a share. Williams said the company is experiencing solid demand and strong pipelines, suggesting improved confidence in future results. Williams has a 12 to 18 month price target of $56 a share. Shares shot up 10 to close at 46 1/4.

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