Avant! Blows Away Third-Quarter Estimates
Avant!(AVNT Quote) handily topped third-quarter earnings estimates, as sales of both software and services rose from a year ago.
The Fremont, Calif., software company said that before various charges, it earned $24.2 million, or 64 cents a share, in the third quarter compared with $18.5 million, or 45 cents a share, a year ago. Analysts were expecting earnings of 49 cents a share.
Revenue was $101 million, the first time the company had topped $100 million for a quarter, compared with $91 million a year ago. Software revenue was $59.5 million in the latest quarter, up from $55.0 million a year ago, while services revenue was $41.3 million in the latest quarter, up from $35.5 million a year ago.
On the bottom line, the company earned 45 cents a share compared with 50 cents a share last year.
- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
|
|
DOWN
132.86
|
DOWN
13.11
|
DOWN
26.86
|
DOWN
1.09
|
10 Yr
3.49%
SPDR Gold
107.34
|
|
-1.27%
|
-1.18%
|
-1.22%
|
-3.03%
|
Data delayed 20 minutes |














