raised its third-quarter earnings forecast, and the company's shares surged sharply in after-hours trading.
The Houston-based company said it expects third-quarter earnings of 20 cents to 22 cents a share, excluding charges and the amortization of goodwill and intangible assets, but including a gain of 2 cents. According to
First Call/Thomson Financial
, 21 analysts produced a consensus estimate of 16 cents a share for the company's third quarter, compared with 41 cents a share in the same period last year.
BMC also said it sees third-quarter revenue of $375 million to $380 million. Nine analysts are expecting third-quarter revenue of $359.1 million, compared with $426.3 million in 1999. The company expects to report third-quarter results after the market closes on Jan. 18.
Shares of BMC closed Wednesday's
regular trading session at $15.63, and rose in after-hours
activity to $20.94.