RSA Security Says Its Fourth Quarter Is Going Well

The company puts earnings and revenue at the high end of a previously given range.
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RSA Security

(RSAS)

said Tuesday it expects to hit the high end of both its fourth-quarter revenue and earnings forecasts, thanks to "increased consumer activity and order rates."

The Massachusetts-based Internet security company previously put those ranges at revenue of $63 million to $67 million and earnings of 4 cents to 7 cents a share. Based on its 60.1 million outstanding shares, the profit range is $2.4 million to $4.2 million.

The company lost $49 million, or 88 cents a share, on sales of $61 million in the same quarter last year. The consensus for the current quarter is for earnings of 7 cents a share, according to Thomson First Call.

In the third quarter of 2003, RSA returned to a profit, with revenue up 9% to $64.5 million. Income was $3.6 million, or 6 cents a share.

RSA shares closed at $12.92 Monday, having tripled from a 52-week low of $4.01 in November 2002.