Mercator Turns Pro Forma Profit in Fourth Quarter

Mercator ( MCTR) achieved its goal of fourth-quarter pro forma profitability, posting earnings of $2.1 million, or 2 cents a share, compared with a loss of $3.6 million in the year-ago quarter. Wall Street had been expecting break-even profits for the quarter.

Revenue was $34 million, down from $39.1 million in the year-ago period.

Shares of the software company closed at $4.99 Wednesday on the Nasdaq.

More from Technology

Rewind: Jim Cramer's Reveals His Concern About Earnings Season

Rewind: Jim Cramer's Reveals His Concern About Earnings Season

Mirati Shares Fall After Cancer Trial Progress Report

Mirati Shares Fall After Cancer Trial Progress Report

China's Landmark Day Headlines An Earnings Bonanza: What to Watch This Week

China's Landmark Day Headlines An Earnings Bonanza: What to Watch This Week

History of Apple: Facts and What's Happening in 2018

History of Apple: Facts and What's Happening in 2018

Should You Buy Intel This Week Into Earnings?

Should You Buy Intel This Week Into Earnings?