Pinnacle Systems Rose 15% Last Week - TheStreet

Digital video company

Pinnacle Systems


was up about 15% for the week after its first-quarter pro forma earnings and revenue came in ahead of estimates. On Tuesday, the company posted a loss of $7.9 million, or 14 cents a share, compared with a loss of $2.7 million, or 5 cents a share, a year ago.

Excluding acquisition charges, the company earned 3 cents a share, beating the consensus estimate of 2 cents. Revenue for the quarter was $60.7 million, ahead of estimates of $59.8 million.