said Monday it beat Wall Street's estimates for the second fiscal quarter by a wide margin, thanks to strong wireless subscriber additions.
The company, which was created by the merger of
, said it earned $15.8 million, or 9 cents a diluted share, excluding merger and acquisition costs and stock-based compensation. Eighteen analysts polled by
First Call/Thomson Financial
were expecting the company to post a loss of 3 cents a share for the quarter. Openwave lost 5 cents in the year-ago period.
Revenue for the quarter rose to $109.7 million from $29.1 million in the equivalent period last year.
The Internet-based communication infrastructure software and applications provider said for calendar year 2001, it expects quarterly revenue to grow 10% to 20% sequentially. The company, which is based in Redwood City, Calif., projected earnings of about 46 cents a share and revenue of about $640 million for the year.
Shares of Openwave closed up $4.25, or 8.7%, to $53.25 on the
, and leaped to $57.75 in recent after-hours