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

Editors Pick
Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015. While buying interest was somewhat subdued, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day extended the recent upward trend by the markets, lifting the S&P 500 to a new record closing high. Republicans have not found much to like about President Barack Obama's nearly six years in office, but the results of a new Washington Post-ABC News poll show that a vast majority support the president's decision to launch airstrikes in Iraq.
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.