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Non-Tech : EARNINGS REPORTING - surprises, misses & more
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To: 2MAR$ who wrote (661)6/20/2001 6:46:23 PM
From: 2MAR$  Read Replies (1) of 762
 
VRTY ($16 run to $21 , sell $19)meet estimates( 24c), guides analysts lower for 2002

SUNNYVALE, Calif., June 20 (Reuters) - Internet search software maker Verity Inc. (NasdaqNM:VRTY - news) on Wednesday posted fiscal fourth-quarter earnings that matched Wall Street forecasts and guided analysts lower on its first quarter and fiscal year 2002.

Sunnyvale, California-based Verity had fully taxed pro-forma net income of $9.2 million, or 25 cents per diluted share, compared $7.2 million, or 20 cents, in the year-ago quarter.

The company forecast first-quarter earnings of 11 cents to 14 cents a share on sales of $34 million and $36 million. For the year, the company expects to earn 85 cents to $1.00 per share on revenues of $181 million and $189 million.

According to Thomson Financial/First Call, analysts currently expect the company to earn 23 cents on sales of $38 million. For the year, they're forecasting $1.06 on $184.15 million in sales.
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