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Novell Beats Estimates

Stock quotes in this article: NOVL  

Updated from 5:22 p.m. EDT

SAN FRANCISCO -- Open-source software developer Novell(NOVL Quote) beat Wall Street's third-quarter estimates Wednesday, narrowing its loss from a year earlier.

The Waltham, Mass., company reported revenue of $243.1 million, up 2.9% from a year earlier, when revenue totaled $236.3 million. Analysts had expected a top line of $234.8 million.

Novell narrowed its loss to $3.4 million, or a penny a share, vs. a loss of $6.4 million in the year-ago period. ...

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