CyberSource Corp. (CYBS) posted third quarter GAAP net income of $2.7 million or $0.04 per share, compared to $0.2 million or breakeven per share in the prior year period. Non-GAAP net income for the quarter was $14.8 million or $0.20 per share, compared to $11.7 million or $0.16 per share in last year period.
On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share. Analysts' estimates typically exclude special items.
Revenue for the period was $65.7 million, up 14% from $57.7 million in the same period last year. Fourteen Wall Street analysts expected revenues of $64.18 million.
Looking forward, for the fourth quarter, GAAP net income is estimated to be between $2.1 million and $2.6 million and earnings per share in the range of $0.03 to $0.04. Non-GAAP net income is expected to be between $14.7 million and $15.2 million and non-GAAP earnings per share is estimated to range from $0.20 and $0.21. Total revenue is expected to be between $73.0 million and $74.0 million.
Street analysts expect earnings of $0.21 per share on revenues of $73.68 million.
For the full year 2009, GAAP net income is now expected to be between $7.9 million and $8.4 million, compared to its prior guidance in the range of $6.5 to $7.0 million. GAAP earnings per share is now expected to be $0.11 per share, compared to its earlier guidance of between $0.09 and $0.10 per share. Non-GAAP net income for the full year is now expected to be between $55.8 and $56.3 million, compared to prior guidance of $54.0 and $55.0 million. Non-GAAP earnings per share is expected to be between $0.76 and $0.77, compared to its previous forecast of between $0.74 and $0.75.
Total revenue is now projected to be between $262.0 and $263.0 million, compared to earlier guidance of between $260.0 million and $263.0 million.
Street analysts expect earnings of $0.77 per share on revenues of $261.21 million.
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