WebSideStory Tops Estimates

Revenue for the fourth quarter and full year should be better than analysts are expecting.
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WebSideStory (WSSI) , a provider of online marketing and analytics services, said its top line for the fourth quarter and full year should be better than analysts are expecting.

The outlook was released as the company posted earnings and revenue for the third quarter that beat Wall Street's estimates. WebSideStory had a loss of $1.7 million, or 9 cents a share, for the latest quarter, reversing the profit of $1.8 million and 10 cents a share in the same period a year ago. Excluding items, earnings in the most recent quarter would have been 16 cents.

Revenue rose to $17.4 million from $11.3 million last year. Adding back in $1.5 million in deferred revenue to the latest quarter, WebSideStory would have had $18.9 million. Both adjusted earnings and sales beat analysts' consensus estimates for a profit of 13 cents and revenue of $18.1 million.

For the fourth quarter, WebSideStory is forecasting revenue, including deferred revenue, of $19.2 million to $19.7 million and an adjusted profit of 15 cents to 16 cents. On that basis, analysts surveyed by Thomson Financial are calling for earnings of 16 cents and sales of $19.1 million.

WebSideStory pegged its full-year revenue at $69.6 million to $70.1 million and its earnings at 53 cents to 54 cents a share, both ahead of expectations. Looking into 2007, the company expects revenue of $89.5 million to $91.5 million and adjusted earnings of 69 cents to 74 cents.

Analysts are looking for 73 cents of profit and $90.1 million in revenue next year.