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24.10.2013 23:12:41

Qlik Technologies Q3 Profit Up, Cuts FY13 Outlook - Quick Facts

(RTTNews) - Qlik Technologies, Inc. (QLIK) Thursday reported third-quarter profit of $3.0 million or $0.03 per share, up from $0.2 million or $0 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $4.8 million or $0.05 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 21 percent to $104.1 million from $86.1 million last year. Analysts expected revenues of $107.71 million.

Looking ahead to the fourth quarter, the company has forecast adjusted earnings in the range of $0.28 to $0.31 per share, with revenues ranging between $156.0 million and $161.0 million. Analysts currently expect the company to earn $0.45 per share on fourth-quarter revenues of $165.78 million.

For the fiscal 2013, the company has lowered its adjusted earnings outlook to a range of $0.23 to $0.26 per share from its prior guidance range of $0.41 to $0.44 per share.

Revenues are projected in a range of $465.0 million to $470.0 million, down from $471.0 million to $481.0 million, issued previously. Analysts currently expect the company to report full-year earnings of $0.38 per share on revenues of $478.45 million.

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