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Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?

To: P.M.Freedman who wrote (2029)	4/22/1998 10:24:00 PM
From: jkb	Read Replies (1) \| Respond to of 7150

Roundup: Check Point Earnings Soar (04/22/98; 5:12 p.m. ET) By Larry Dignan, TechInvestor Check Point Software reported strong first quarter earnings of $15.5 million, or 41 cents a share, well above Wall Street estimates. Wall Street was expecting earnings of 31 cents a share from the company [CHKPF]. The earnings were also up from $6.47 million, or 17 cents a share, in the same period a year ago. Sales were up 125 percent to $30.8 million, compared with $13.6 million a year ago. Check Point, based in Redwood City, Calif., said its installed base is now more than 45,000 worldwide. On the other end of the earnings spectrum, Sybase reported a larger-than-expected first quarter loss of $29.6 million, or 37 cents a share, on revenue of $206.8 million. Wall Street was expecting Sybase [SYBS] to report a loss of 11 cents a share. Including a restructuring charge of $51.6 million, Sybase reported a loss of $81.2 million, or $1.01 per share. In the same quarter a year ago, Sybase reported a loss of $4.9 million, or 8 cents a share, on revenue of $232 million. Sybase said it is working to restore sales growth via its restructuring. The company ended the first quarter with about $193.1 million in cash. The company said it will take about $20 million in additional restructuring charges this year. In other earnings news: Computer Associates [CA] projected a strong fourth quarter. The Islandia, N.Y., company said fourth quarter earnings would be about 75 cents a share on revenue of $1.46 billion, compared with $1.21 billion. Wall Street was expecting earnings of 71 cents a share. The projections exclude a $33.8 million charge related to its failed bid for Computer Sciences. Broadcom [BRCM], which launched a successful IPO just last week, reported first quarter earnings of $7.7 million, or 19 cents a share, compared with a net loss of $800,000, or 3 cents a share in the same quarter a year ago. Revenue for the first quarter was $35.3 million, up 603 percent compared with $5 million last year. DoubleClick [DCLK] reported a first quarter loss of $4.4 million, or 31 cents a share, compared with a loss of $1.2 million, or 11 cents a share, in the same quarter a year ago. Revenue was $13 million, up from $5.3 million in the same quarter a year ago. The company said it served an average of 60 million ads an day during March. The number of advertisers totaled more than 1,400 at the end of the first quarter. Mindspring [MSPG] reported first quarter earnings of $860,000, or 11 cents a share, compared to a loss of $2.5 million, or 34 cents a share, in the same quarter a year ago. Wall Street was expecting earnings of 8 cents a share. Revenue was up $21.3 million, up from $9.7 million in the same quarter a year ago. Stock Quotes Enter ticker symbol: Top Stories Roundup: RealNetworks And Cnet Pare Losses Borland Earnings Improve As Silicon Graphics Struggles Print this story Send as e-mail =See our Tech Encyclopedia for more info.