Monday, 24 April 2006

Hyperion Q3 Earnings Fall but Beats Wall Street View

Business software maker Hyperion Solutions has posted lower-third quarter earnings hurt by stock-based compensation expense and restructuring charges. It has reported earnings of USD 16.0 million, or USD 26 cents a share, compared with net income of USD 18.8 million, or 30 cents a share. Excluding restructuring charges, stock-based compensation expense and impact of charges, net of related tax, for the amortization of purchased intangible assets, the company earned USD 22.8 million, or 37 cent a share, beating Wall Street view of 35 cents a share, according to Reuters Estimates. Total revenue for the quarter increased 5 percent to USD185.6 million, compared with USD177.1 million for the same period a year ago.

For the forthcoming fourth quarter, the company said it expects earnings in the range of 41 cents and 45 cents a share, excluding the impact of the amortization of purchased intangible assets and equity-based compensation expense, on total revenue in the range of USD199 million to million. Analysts on average expect the company to earn 42 cents a share, excluding exceptional items, on revenue of USD 202.4 million, according to Reuters Estimates.

Hyperion has also agreed to buy substantially all of the assets of privately held UpStream Software of Rochester, Michigan, a Hyperion partner and provider of financial data quality solution. Terms of the transaction have not been disclosed.