FILE ($17-$16) flops at the open..P/E Zero..beats by 3 cents, guides lower for Q2.
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17-Apr-02
09:02 ET FileNET tops consensus (FILE) 15.40: Reports Q1 earnings of $0.04 per share, $0.03 better than the Multex consensus. Revenues rose 2.0% year/year to $86.2 mln.
Wednesday April 17, 10:54 am Eastern Time
Reuters Business
FileNET sees second quarter below consensus
NEW YORK, April 17 (Reuters) - FileNET Corp., maker of software that manages Web content, on Wednesday said it expects second-quarter earnings to be in the range of 2 cents to 5 cents, lower than analysts had expected.
Analysts, on average, had expected the company to earn 6 cents a share, according to Thomson Financial/First Call.
The company also said it expected revenue of about $86 million.
The earnings per share exclude a $1.5 million charge for research and development related to the acquisition of eGrail.
For the year, the company revised its previous outlook to revenue of $355 million, down $5 million because of the continued weakness in the information technology industry. It expects earnings of 30 cents a share, plus or minus 5 cents a share before the eGrail charge..
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