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 (679)	7/13/2001 5:08:49 AM
From: 2MAR$	Read Replies (1) of 762

PWAV ( $15) meets lowered expectations with 4c/eps loss meets estimates, lowers guidance NEW YORK, July 12 (Reuters) - Internet security software maker RSA Security Inc. (NasdaqNM:RSAS - news) on Thursday reported second quarter operating earnings that were within expectations, but warned that earnings and revenues for the second half of the year would fall short of Wall Street estimates. The Bedford, Massachusetts-based company said earnings from core operations rose to $10 million, or 17 cents a share, compared to $9.4 million or 14 cents a share in the prior year. Analysts on average were expecting RSA, a pioneer in encoding software and hardware that helps secure corporate data, to post a profit of 18 cents, with a range of 17 cents to 19 cents. Revenues were $80.8 million compared with $66.7 million in the year-earlier period. Including the results of investments arm RSA Capital and costs such as goodwill amortization, RSA's net income fell to $13.3 million, or 22 cents a share, from $37.2 million, or 58 cents a share a year earlier.

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