SAN FRANCISCO (Thomson Financial) - Shares of OpenTV Corp. soared Friday
after the company swung to a fourth-quarter net profit, beating Wall Street's
expectation.
The San Francisco-based provider of middleware and advertising products for
digital and interactive television reported fourth-quarter net earnings of $11
million, or 8 cents a share, versus the 1-cent loss estimated by analysts polled
by Thomson Financial.
The company posted a net loss of $3.42 million, or 2 cents a share, in the
year-earlier quarter.
Revenue for the quarter ended Dec. 31 rose 52% to $38.2 million, versus the
mean Street estimate of $29.7 million.
The stock rose 34% to $1.33.
Brigid Gaffikin
bg/vj
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|