TMCnet News
Actuate reports 3Q loss(Associated Press Via Acquire Media NewsEdge) SAN MATEO, Calif. (AP) _ Actuate Corp. (BIRT) on Tuesday reported a loss of $2 million in its third quarter. The San Mateo, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 1 cent per share. The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share. The business software maker posted revenue of $24.3 million in the period. In the final minutes of trading on Tuesday, the company's shares hit $4.20. A year ago, they were trading at $8. This story was generated by Automated Insights using data from Zacks Investment Research. BIRT stock research report from Zacks. Keywords:Actuate,Earnings Report |