Shares of Secure Computing(SCUR Quote) were among technology's winners Friday, surging 25% after the network-security outfit posted better-than-anticipated fourth-quarter results and gave an earnings forecast above Wall Street's expectation.
The company reported a fourth-quarter loss of $28.3 million, or 44 cents a share, on revenue of $51.6 million. Excluding items, the company earned $5.3 million, or 7 cents a share. Analysts polled by Thomson First Call expected break-even results, before items, on revenue of $55.8 million. During the year-earlier period, the company earned $6.6 million, or 17 cents a share, on revenue of $30.2 million. For the first quarter, Secure Computing projects an adjusted first-quarter profit of 3 cents to 4 cents a share, with revenue of $49 million to $51 million. Analysts had forecast earnings of 2 cents a share and revenue of $56.2 million. Shares were trading up $1.70 to $8.45. Shares of Aviza Technology(AVZA Quote) soared 39% after the chip equipment maker said it swung to a first-quarter profit. For the period ended Dec. 29, the company earned $1.1 million, or 7 cents a share, compared with a year-earlier loss of $4.6 million, or $1.25 a share. Revenue rose to $62.2 million from $28.9 million. For the fiscal second quarter, Aviza forecast operating income of $2.5 million to $3 million and revenue of $60 million to $64 million. Shares were up $1.71 to $6.15.- Loading Comments...
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