logo
Share SHARE
FONT-SIZE Plus   Neg

AVG Technologies Q3 Profit Soars; Lifts FY12 Outlook

AVG Technologies N.V. (AVG) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walt Disney Co. (DIS) is reportedly in talks to buy a stake in Major League Baseball Advanced Media. According to LA Times, citing people with knowledge of the matter, Disney is seeking to acquire one-third interest in the MLB.com, which develops and manages the league's digital products. The deal... Postal Savings Bank of China, one of the biggest banks in China, seeks to raise about $8 billion in an initial public offering, which could be the biggest IPO of the year. Postal Savings Bank of China plans to list its stock in the Hong Kong stock exchange. According to reports, the Postal Savings... Sporting goods retailer Dick's Sporting Goods, Inc. has emerged as the successful bidder in the bankruptcy auction for its former rival Sports Authority Holding Inc.'s intellectual property assets and the right to acquire 31 store leases.
comments powered by Disqus
Follow RTT