reported better-than-expected first-quarter pro forma earnings of $2 million, or 8 cents a share, compared with a loss of $800,000, or 3 cents a share, in the year-ago quarter. Wall Street analysts had been expecting 1 cent a share, according to Thomson Financial/First Call.
On a GAAP basis, the company reported a loss of $1.9 million, or 9 cents a share, compared with a loss of $7.7 million, or 35 cents a share, a year ago.
Revenue for the quarter rose 12% to $46.5 million from $41.5 million last year.
The software maker also raised its full-year guidance, saying it now expects pro forma earnings of 30 cents to 35 cents a share for the year, up from its previous forecast of 17 cents to 22 cents a share.
Share of MRO Software closed up 9% to 25.13 Thursday on the