USDATA <USDC.O> sees Q3 below expecations
RICHARDSON, Texas, Oct 6 (Reuters) - USDATA Corp. said Tuesday it expects a third quarter net loss of $0.14 to $0.16 per share, lower than analysts' expectations.
According to First Call, analysts expected the company to report a third quarter loss of $0.05.
The company said in a statement its forecast compares to an actual net loss of $0.13 per share in the third quarter a year ago, which was reduced by the availability of tax benefits from operating loss carrybacks. There are no loss carrybacks available in 1998, it said.
Based upon preliminary results, third quarter revenues are estimated at $4.9 million compared to $4.8 million a year ago.
"Overall we remain pleased with our year-to-year progress in the transition to a channel-based global distribution model which, in combination with our new products, is the key to growth and profitability for USDATA," said Bob Merry, USDATA's president and chief executive officer.
USDATA supplies real-time application development software that enables information integration, decision support and supervisory control throughout the manufacturing enterprise.
18:28 10-06-98
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