Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

AVG Technologies Q3 Profit Soars; Lifts FY12 Outlook

RELATED NEWS
Trade AVG now with 

AVG Technologies N.V. (AVG: Quote) reported that net income available to ordinary shareholders for the third quarter of 2012 was $18.96 million, or $0.35 per share, compared to net income of $3.64 million, or $0.09 per share in the previous year quarter.

Non-GAAP adjusted net income for the third quarter of 2012 was $23.4 million, or $0.43 per share, compared to non-GAAP adjusted net income of $10.5 million, or $0.20 per share in the comparable quarter last year.

Revenue for the third quarter was $95.25 million, up 34% from $71.17 million in the year-ago quarter.

For the fourth quarter of 2012, revenue is expected to be in the range of $94.0 million to $98.0 million. Net income is expected to be in the range of $9.0 million to $10.0 million or $0.16 to $0.18 per share.

Non-GAAP net income is expected to be in the range of $14.0 million to $15.0 million or $0.25 to $0.27 per share.

AVG increased its financial outlook for fiscal year 2012. Revenue is expected to be in the range of $354.0 million to $358.0 million, up from the previous outlook of $336.0 million to $344.0 million.

For fiscal 2012, net income is expected to be in the range of $50.0 million to $51.0 million, or $0.91per share to $0.93 per share.

Non-GAAP adjusted net earnings is expected to be in the range of $1.34 to $1.36 per share, up from $1.15 to $1.20 per share provided earlier.

Register
To receive FREE breaking news email alerts for AVG Technologies N.V. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.