Updated from 4:23 p.m. EDT

SAN FRANCISCO -- Security software maker



sailed past analyst estimates for the third quarter and issued a forecast for the coming quarter that is in line with analysts' expectations.

Net income soared to $62.9 million, or 38 cents a share, from $30.3 million, or 19 cents a share, a year ago.

Excluding charges, the company reported earnings of 44 cents a share, up from 36 cents a share in the same quarter in 2006. Analysts polled by Thomson Financial were expecting EPS of 40 cents.

TheStreet Recommends

Revenue was up 12% to $322 million from $287.8 million a year ago and higher than Street expectations of $320.24 million.

Shares of McAfee were up $1.01, or 2.7%, to $38.80 in recent after-hours trading.

Third-quarter revenue from corporate customers grew 11% to $186 million, driven by sales of McAfee's Total Protection product and network security sales.

Revenue from consumer products grew 14% to $136 million.

For the fourth quarter, McAfee expects revenue in the range of $330 million to $350 million.

Excluding items, it expects earnings in the range of 42 cents to 46 cents a share.

Analysts are expecting earnings of 43 cents a share on revenue of $339.60 million.