McAfee Q3 beats expectations

By : |October 11, 2001 0

SUNNYVALE, CALIF: 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.

Excluding one-time charges, 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.

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