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Non-Tech : EARNINGS REPORTING - surprises, misses & more
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To: SusieQ1065 who wrote (719)7/20/2001 8:23:27 PM
From: SusieQ1065  Read Replies (1) of 762
 
MACR ($16-$17) Posts smaller loss.

Thursday July 19, 4:59 pm Eastern Time
Macromedia posts Q1 loss, sees flat to lower Q2 sales
SAN FRANCISCO, July 19 (Reuters) - Web design software maker Macromedia Inc. (NasdaqNM:MACR - news) on Thursday reported a fiscal first-quarter pro forma loss that was smaller than analysts' lowered consensus forecast and said it expects second-quarter revenues to be flat to 10 percent lower sequentially.

The San Francisco-based maker of Dreamweaver design and development software had a pro forma net loss -- excluding certain noncash charges -- of $8.6 million, or 15 cents a share, compared with pro forma net income in the year-ago period of $18.9 million, or 33 cents per diluted share.

Analysts surveyed by Thomson Financial/First Call had been predicting a loss of 17 cents per share.

Macromedia said revenues fell to $88.7 million from $90.3 million last year, to surpass analysts' consensus forecasts for first-quarter revenue of $85.6 million.

Including noncash charges related to acquisitions, restructuring and the write-down of certain assets, Macromedia posted a net loss of $111.8 million, or $1.94 a share, compared with net income or $12 million, or 21 cents per diluted share, a year ago.
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