, a firm that provides distribution, commerce and consumption products for software and entertainment content, said its third-quarter earnings rose 5% from the year-ago period.
The company earned $6.4 million, or 12 cents a share, in the quarter, compared with $6.1 million, or 12 cents a share, a year ago. Adjusted for items, earnings were $11.9 million, or 23 cents a share in the most recent quarter. Analysts were expecting earnings of 22 cents a share.
Third-quarter revenue rose 24.8% from a year ago to $58.2 million.
The Santa Clara, Calif.-based company expects to earn 39 cents a share to 43 cents a share, excluding items, in the fourth quarter, on revenue of $70 million to $74 million. For the full year, adjusted earnings are expected to be $1.13 to $1.17 a share, on revenue of $243 million to $247 million. Analysts are expecting earnings of 39 cents a share, on revenue of $72.6 million, in the fourth quarter and $1.13 a share, on revenue of $245.7 million, for the full year.
"As in the past three quarters, we successfully executed against our financial plan and are pleased with the results," the company said. "Looking at our full year estimates, we are confident in our enhanced capability to deliver security and licensing solutions for customers who are broadening their businesses in the areas of digital distribution, hardware and commerce."
Third-quarter operating income fell 29.3% from a year ago to $4.1 million. Operating margin for the quarter fell 550 basis points to 7% from the year ago quarter.
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