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Internet Security Systems Beats Estimates

Internet Security Systems

(ISSX)

reported earnings that beat Wall Street's raised estimates by a penny for the latest period, and forecast first-quarter earnings that would come in slightly ahead of forecasts.

Internet Security earned $6.3 million, or 14 cents a diluted share, in the fourth quarter, up from $3.5 million, or 8 cents a share, in the same period one year ago. Thirteen analysts surveyed by

First Call/Thomson Financial

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expected the company to garner earnings of 13 cents a share.

The company, an Internet security management provider based in Atlanta, also posted fourth-quarter revenue of $59.7 million, up 65% from $36.2 million in the same quarter last year.

Internet Security expects revenue of $285 million to $300 million for the fiscal year ending Dec. 31, 2001. Also for the year, the company estimated earnings of 65 cents to 70 cents a diluted share.

For the first quarter ending on March 31, Internet Security projected revenue of $62 million to $64 million and earnings of 14 cents to 15 cents a share. Analysts expect the company to earn 13 cents in the quarter and 61 cents for the year.

Shares of Internet Security rose $3.38, or 4.7%, to $75 in recent

Nasdaq

trading.