Actuate (ACTU) reported third-quarter earnings that beat analysts' expectations and came in ahead of last year's earnings.
The company, which makes information delivery products for Internet start-ups and application software providers, posted third-quarter earnings of $3.38 million, or 5 cents a share, up from $1.49 million, or 2 cents a share, a year earlier, excluding the amortization of goodwill and intangibles. A
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poll of four analysts expected the company to earn 4 cents a share.
Revenue rose to $29.5 million from $12.5 million in the year-ago third quarter, partly due to an increased base of customers using its products to power e-business Web sites.