SeeBeyond Says Loss Will Be Narrower - TheStreet

SeeBeyond

(SBYN)

shares soared nearly 17% Tuesday after the integration software maker said its third-quarter results will exceed company guidance.

SeeBeyond shares climbed to $3.04 before settling down to $2.96 in recent trading, still up 36 cents, or 13.9%.

Monrovia, Calif.-based SeeBeyond said third-quarter revenue will range from $31 million to $32 million, vs. prior guidance in the range of $28 million to $30 million. SeeBeyond said it expects to lose 7 cents to 8 cents a share under generally accepted accounting principles and on a pro forma basis in the third quarter, which ended Sept. 30. In July, SeeBeyond said it expected to lose 10 cents to 12 cents a share.

The pro forma loss excludes charges relating to amortization of stock-based compensation and amortization of sales and marketing warrants of $100,000.

Analysts polled by Thomson First Call were expecting SeeBeyond to lose 11 cents a share on $30 million in revenue. In the same period a year ago, SeeBeyond lost 10 cents a share on $35.7 million in revenue.

SeeBeyond will report final results on Oct. 23.