SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?


To: llwk7051@aol.com who wrote (1752)10/7/1998 4:47:00 PM
From: llwk7051@aol.com  Read Replies (1) | Respond to of 4467
 
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

Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.