Network Associates Beats Estimates
This was the Santa Clara, Calif., security giant's second consecutive profitable quarterNetwork Associates Inc. on Thursday reported pro forma fourth-quarter earnings of $0.23 per share, or $40.5 million, a sharp improvement over the year-ago quarters loss of $0.87 per share. Analysts had expected the company to turn in pro forma earnings of $0.08 per share.
This was the Santa Clara, Calif., security giants second consecutive profitable quarter. The company brought in $259 million in revenue during the quarter, more than four times the $58 million it brought in during the fourth quarter of 2000.