posted third-quarter earnings that beat analysts' estimates by 2 cents, fueled by 47% growth in revenue for the period.
The Cupertino, Calif., software company said it earned $40.2 million, or 20 cents a share, excluding amortization and other items, compared with $25.6 million, or 13 cents a share, in the same period last year. Eight analysts polled by
First Call/Thomson Financial
produced a consensus estimate of 18 cents a share.
Revenue for the quarter rose to $215.5 million from $146.2 million a year ago. Analysts on average had called for third-quarter revenue of $204.1 million.
Shares of Rational closed higher at $39.13 in Wednesday trading on the
and lately rose 10.2% to $40.58 in after-hours