webMethods' Quarterly Loss Doubles - TheStreet

webMethods' Quarterly Loss Doubles

The company says its current-period loss will be in line with estimates.
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Software integration company

webMethods

(WEBM)

saw its first-quarter loss double from a year ago, due in part to commercial sales in North America falling short of targets.

But the company provided second-quarter earnings and sales guidance in line with analysts' expectations.

In the quarter ended June 30, the company lost $6.8 million, or 13 cents a share, from a loss of $3.1 million, or 6 cents a share, in the year-ago quarter.

On a pro forma basis, the company lost $6 million, or 12 cents a share, compared with a loss of $2 million, or 4 cents a share, in last year's period. Analysts were expecting a loss of 12 cents a share on that basis. webMethods said pro forma results exclude amortization of deferred-stock compensation and warrant charges.

Sales were $43.2 million compared with $47.7 million last year. The company said international revenue was 41% of total revenue in the quarter.

In the second quarter, the company expects to lose $3 million to $6 million, or 6 cents to 12 cents a share on a pro forma basis, which excludes charges. Analysts currently expect a loss of 8 cents a share. The company lost 5 cents a share in the year-ago second quarter.

The company forecast $42 million to $47 million in second-quarter revenue. Analysts forecast $43.72 million.

Shares of the Fairfax, Va.-based company closed at $8.22 Friday on the

Nasdaq

.