Advertisment

McAfee Q3 beats expectations

author-image
CIOL Bureau
Updated On
New Update

SUNNYVALE, CALIF: McAfee.com Corp., which sells PC management and security

software and services, on Wednesday said its pro forma third-quarter results

beat expectations, citing a growing subscriber base.

Advertisment

Excluding one-time charges, McAfee.com posted a profit of $2.75 million, or 6

cents per share in its third quarter ended Sept. 30. In the year-earlier quarter

the Sunnyvale, California company had a loss of $3.8 million, or a loss of 9

cents per share.

Revenues for the quarter were $16.2 million, up 29 percent from $12.6 million

a year ago, the company said.

Four analysts polled by Thomson Financial/First Call predicted the company

would post third-quarter earnings in a range of 1 cent to 3 cents per share.

Their consensus estimate was 3 cents per share.

(C) Reuters Limited 2001.

tech-news