Websense Beats Forecasts

IT security company Websense(WBSN Quote) beat analyst expectations for the third quarter but said it is dropping quarterly guidance for the next fiscal year because of accounting problems stemming from a key acquisition.

Websense, which offers web filtering and management products that prevent data leaks, said third-quarter net income was $6.4 million, or 14 cents a share, compared to $8.3 million, or 18 cents a share in the year-ago quarter.

Excluding acquisition-related and other charges, net income fell 3% to $10.9 million, or 24 cents a share, from $11.3 million, or 25 cents a share, a year ago. Analysts polled by Thomson Financial were expecting earnings of 22 cents a share. ...