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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (687)	7/17/2001 6:27:50 PM
From: 2MAR$	Respond to of 762

IWOV ( $12.50 vs $15) profit vs loss, feels slowing economy (adds background, stock activity) SUNNYVALE, Calif., July 17 (Reuters) - Interwoven Inc. <IWOV.O>, a maker of software that manages the flow of Web page content, on Tuesday posted a second-quarter profit, reversing a year-earlier loss, but said revenue dropped 9 percent from the first quarter. The company said that excluding one-time items, it earned $552,000, or 1 cent a share, compared with a year-ago loss of $755,000, or 1 cent a share. In April, it had predicted second-quarter earnings before charges would be between $500,000 to $600,000, or a penny a share. Analysts on the average had expected break-even results, with estimates ranging from a loss of a penny a share to a 1-cent profit, according to Thomson Financial/First Call. The one-time items included noncash charges related to stock-based compensation, acquisition-related expenses and a special charge related to facilities relocation. Revenues more than doubled to $55 million from $24.3 million a year earlier. Citing an U.S. economic slowdown, Interwoven said in April that second-quarter revenue would be between $53 million and $54 million, below the analysts' consensus of $58.72. Since then, shares of Interwoven have outperformed the S&P software index by 40 percent. Unlike many other software makers the company has not revised its outlook since then. Shares of Interwoven closed up $1.49, or nearly 11 percent, at $15.08 on Tuesday in anticipation of the quarterly report. In after-hours activity on Instinet, the stock traded slightly higher at $15.25. ((New York Newsdesk, 212-859-1700)) REUTERS * end of story *