Veritas Software (VRTS) 63.89 -4.69 (-6.8%): Reuters reporting that company CFO reiterated comfort with Q2 EPS (consensus $0.19) this afternoon at the Bear Stearns conference; sees Q2 sales up modestly from Q1............UPDATE1-Veritas sees second quarter sales up modestly from Q1
(UPDATE: Adds details paragraph 5, closing share price)
NEW YORK, June 13 (Reuters) - Storage management software company Veritas Software Corp.(NasdaqNM:VRTS - news) still expects its second quarter sales to rise modestly from first quarter levels, its chief financial officer said on Wednesday.
``We said this in our analyst's meeting, and we can reaffirm it today, Q2 is still up from Q1, although by a modest number,'' Veritas CFO Ken Lonchar said at a Bear Stearns technology conference here, pointing to a chart indicating that sales would rise 1 percent sequentially in the second quarter from the first.
When asked if he was comfortable with analysts consensus estimates for the second quarter, Lonchar said, ``absolutely.''
The analysts' consensus for Veritas' second-quarter earnings per share is a profit of 19 cents, according to Thomson Financial/First Call, with a range of 18 cents to 20 cents.
The company on May 23 said it remained on track to deliver annual revenue growth of between 35 and 50 percent.
Veritas shares -- which tend to be volatile -- finished down $4.78 at $63.80 on the Nasdaq. |
