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Non-Tech : EARNINGS REPORTING - surprises, misses & more
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To: 2MAR$ who wrote (461)1/21/2001 9:50:20 PM
From: 2MAR$  Read Replies (1) of 762
 
RATL ($46 win) raises Q3, FY2002 forecasts

CUPERTINO, Calif., Jan 10 (Reuters) - Software development tools maker Rational Software Corp. (NasdaqNM:RATL - news) on Wednesday raised revenue guidance for fourth quarter 2001 and earnings guidance for fiscal 2002, saying a slowing economy will fuel demand for the company's products.

In a conference call with financial analysts Paul Levy, Rational's chairman and co-founder, said fourth-quarter revenues will fall in the range of $250 million to $255 million, up from current forecasts for $245 million. He said he ``remained comfortable'' with earnings estimates of 22 cents to 23 cents per share for the quarter.

Levy also said the company increased earnings guidance for fiscal 2002 because it expects demand for Rational's products -- which help companies build software that increases productivity and competitiveness -- to build in a weak economy.

Rational now estimates that it will earn 85 cents to 90 cents per share in fiscal 2002, 10 cents more than previous estimates falling in the range of 75 cents to 80 cents per share.

During the fiscal year, Levy said, revenues will likely be between $1.1 billion and $1.175 billion.

``Productivity sells best when times are tough and resources are scarce,'' Levy said.
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