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 (699)	7/19/2001 8:08:26 PM
From: 2MAR$	Read Replies (1) of 762

ISSX ( $22-$25) posts second-quarter loss of $5.6 million ATLANTA, July 18 (Reuters) - Internet Security Systems (NasdaqNM:ISSX - news), a security software and services vendor, on Wednesday posted a second-quarter net loss of $5.6 million as customers delayed purchases or scaled back projects. ISS said the loss amounted to 13 cents a share, compared with a profit of $6.5 million, or 15 cents a share, a year ago. Excluding one-time charges, ISS posted a loss of $980,000, or 2 cents a share, in the latest quarter. Analysts on average had expected a loss of 1 cent per share, according to Thomson Financial/First Call. Revenues for the quarter increased 17 percent, to $51.7 million from $44.2 million a year ago. Analysts has forecast $51 million. ISS warned on July 2 that sales would be 20 percent lower than earlier expectations, with a pro forma loss of up to 2 cents per share and revenues of between $50 million to $52 million. It said large corporate customers had deferred orders in the last weeks of June.

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