CyberSource Corp. (CYBS) said that its fourth-quarter GAAP net income was $5.1 million and earnings per share was $0.07, compared to net income of $10.0 million and earnings per share of $0.14 in the fourth quarter of 2008.
Non-GAAP net income for the fourth quarter was $17.2 million, a 27% increase compared to $13.6 million for the fourth quarter of 2008. Non-GAAP earnings per share for the fourth quarter was $0.24, a 26% increase compared to earnings per share of $0.19 for the fourth quarter of 2008.
Revenues for the quarter increased to $76.09 million, from $62.25 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share on revenues of $73.75 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company expects to record GAAP net income in the first quarter of between $2.3 and $2.6 million. Non-GAAP net income for the first quarter is expected to be between $14.1 and $14.4 million and non-GAAP earnings per share to be between $0.19 and $0.20. Total revenue is expected to be between $73.5 and $74.0 million. Analysts expect the company to report earnings of $0.21 per share on revenues of $71.67 million for the first-quarter.
For the full year 2010, GAAP earnings per share is expected to be between $0.19 and $0.20 per share. GAAP net income for 2010 is expected to be between $14.5 million and $15.0 million.Non-GAAP net income for the full year 2010 is expected to be between $66.0 million and $67.5 million. Non-GAAP earnings per share is expected to be between $0.89 and $0.91. Total revenue for 2010 is expected to be between $310.0 and $315.0 million.
Analysts expect the company to report earnings of $0.90 per share on revenues of $308.36 million for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.