did something a little unusual in today's rocky market. After the closing bell, the company raised its earnings and revenue estimates for 2001.
The licenser and developer of copy protection and copyright management technologies said it is raising its 2001 revenue forecast to $105 million to $110 million with earnings in excess of $40 million, or more than 80 cents a share. Six analysts polled by
First Call/Thomson Financial
are calling for the company to earn 73 cents in 2001, up from the estimate of 60 cents this year.
Macrovision, which is based in Sunnyvale, Calif., said first-quarter revenue will range from $20 million to $22 million. The company projected earnings of 15 cents to 16 cents for the first quarter, higher than the 12 cents earned in the year-ago period. Analysts expect earnings of 16 cents for the quarter.
The company didn't address fourth-quarter earnings in its statement, but Wall Street is expecting the company to earn 17 cents a share.
Shares of Macrovision ended the
regular session at $65.50 and rose to $65.75 in recent after-hours