McAfee's Earnings Edge Higher

The company guides in line for the full year.
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Security software firm

McAfee

(MFE)

posted fourth-quarter results essentially flat with a year ago and offered no huge surprises for the coming quarter and full year.

Investors were upbeat about the lack of bad news, bidding the stock up nearly 5% to $22.90 in after-hours trading.

The relatively calm report followed McAfee's

warning two weeks earlier that it would fall short of estimates, sending the shares down nearly 14% after that announcement.

McAfee said earnings rose to $39.7 million, or 23 cents a share, from $38.7 million, or 23 cents a year earlier.

Excluding items, the company made $45 million or 27 cents a share, in the latest quarter, missing consensus estimates by a penny a share, but meeting the company's own revised projection.

Quarterly revenue tallied $253.3 million, up from $244.2 million in the same quarter last year. That number fell short of consensus estimates of $255 million.

For the first quarter, McAfee said it expects revenue of $250 million to $280 million and earnings before items of 28 cents to 32 cents a share. Analysts were expecting earnings of 30 cents a share on revenue of $259.8 million.

For the full year, the company expects to earn $1.25 to $1.35 a share before items and revenue of $1.05 billion to $1.15 billion, in line with current analysts' estimates of earnings of $1.34 a share and revenue $1.12 billion.